Canada and Mexico imposing retaliatory tariffs in response to Trump
“I instruct the Secretary of Economy to implement Plan B that we have been working on, which includes tariff and non-tariff measures in defense of Mexico’s interests,” Claudia Sheinbaum, Mexico's president says
Canada announced on Sunday it is imposing retaliatory 25% tariffs against the United States after President Trump's tariffs were announced on Saturday.
Prime Minister Justin Trudeau said the "far-reaching" tariffs would apply to U.S. imports including beer, wine, home appliances and sporting goods.
The White House announced on Saturday Trump would impose 25% tariffs on Canadian and Mexican imports and 10% on Chinese imports. Trump cited illegal immigration, drug trafficking and the fentanyl crisis as reasons for the tariffs.
Mexico’s President Claudia Sheinbaum said on Saturday in an X post that "problems are not resolved by imposing tariffs" and emphasized more diplomacy. Nevertheless, she said would move forward with retaliatory tariffs but the details were not immediately available.
“I instruct the Secretary of Economy to implement Plan B that we have been working on, which includes tariff and non-tariff measures in defense of Mexico’s interests,” she wrote, translated from Spanish. “Nothing by force; everything by reason and right.”
She called on Trump to work with her to "establish a working group with our best public health and security teams."