Summary

Trump signed an executive order imposing 25% tariffs on Canadian and Mexican imports—excluding Canadian energy at 10%—plus additional duties on Chinese products.

In response, Prime Minister Justin Trudeau announced a 25% duty on $155 billion in U.S. goods, beginning with $30 billion in tariffs Tuesday.

Mexican President Claudia Sheinbaum indicated reciprocal tariffs, rejecting claims that Mexico tolerates criminal groups trafficking fentanyl and insisting on respect for sovereignty.

Experts warn these tit-for-tat measures could drive up costs, disrupt supply chains, and mirror the previous U.S.-China trade war, possibly harming security.

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[–] 51 points 2 years ago (2 children)

That way the rich capitalists can buy up EVRRYTHING at fire sale prices!

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  • [–] 29 points 2 years ago

    Remember when Biden was doing all he could to keep things in one piece while all the newspapers were trying to doom and gloom us into a recession just after the Great Resignation?

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