By In response to President Donald Trump’s recent executive order imposing a 25% tariff on imports from Canada and Mexico, both nations have announced retaliatory measures. Canadian Prime Minister Justin Trudeau declared that Canada will implement a 25% tariff on approximately $155 billion worth of U.S. goods, encompassing a wide range of consumer products. Trudeau emphasized that these countermeasures are “forceful but reasonable,” warning that the U.S. tariffs could harm American jobs and lead to increased consumer prices.
Mexican President Claudia Sheinbaum Pardo also announced plans for retaliatory tariffs, though specific details have yet to be disclosed. She refuted President Trump’s allegations of the Mexican government’s involvement with criminal organizations and suggested that the U.S. should focus on addressing its internal drug issues. Sheinbaum emphasized the importance of dialogue over conflict and hinted at additional countermeasures if necessary.
These developments have raised concerns about a potential trade war in North America, with economists warning of possible economic downturns, job losses, and higher costs for consumers in all involved countries. Critics argue that the U.S. tariffs may violate the U.S.-Mexico-Canada Agreement (USMCA) and could destabilize the closely integrated economies of the region.
