The commerce warfare is on! After U.S. President Donald Trump confirmed that sweeping 25% tariffs on imports from China, Canada, and Mexico will take impact Tuesday, all three nations have introduced main retaliatory measures towards the U.S. economic system. Canadian Prime Minister Justin Trudeau referred to as Trump’s choice “unjustified”, vowing that Canada “won’t let these tariffs go unanswered.” In a fiery response, Trudeau unveiled a counter-tariff package deal, matching the retaliation plan he first launched when Trump signed the chief order in February. In the meantime, China and Mexico are additionally making ready their very own financial countermeasures, escalating tensions throughout North America and past.
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