Canada, China, Mexico and the art of retaliation - The Economist

1 day ago · Canada, China and Mexico all want to buy time, mitigate the damage, retain firepower and create pathways for de-escalation. Yet despite being lumped together and having similar …

CouponFollow Extension

67%
OFF

Fact Sheet: President Donald J. Trump Imposes Tariffs On Imports …

3 weeks from now

2 days ago · While trade accounts for 67% of Canada’s GDP, 73% of Mexico’s GDP, and 37% of China’s GDP, it accounts for only 24% of U.S. GDP. However, in 2023 the U.S. trade deficit in …

whitehouse.gov

25%
OFF

China, Canada And Mexico Vow Swift Response To Trump Tariffs

3 weeks from now

2 days ago · Canada, Mexico and China have vowed to respond to sweeping new tariffs to their exports to the US announced by President Donald Trump. Trump said a levy of 25% on …

bbc.com

25%
OFF

Here’s How Tariffs On Canada, China And Mexico May Impact U.S.

3 weeks from now

3 days ago · A 25% Canada-Mexico tariff and 10% China tariff would raise about $1.3 trillion in revenue through 2035 on a net basis, the Committee for a Responsible Federal Budget …

nbcnews.com

25%
OFF

Canada And Mexico Slapped With 25% Duties By US, Retaliatory …

3 weeks from now

2 days ago · A model gauging the economic impact of Trump's tariff plan from EY Chief Economist Greg Daco suggests it would reduce US growth by 1.5 percentage points this year, …

jpost.com

$830
OFF

Trump Tariffs Live Updates: Proposed Tariffs On Canada And …

3 weeks from now

2 days ago · Trump’s tariffs on Canada, Mexico and China would effectively could cost each U.S. household more than $830 in additional taxes in 2025, according to an analysis released by …

forbes.com

FAQs about Canada, China, Mexico and the art of retaliation - The Economist Coupon?

Will China retaliate against US tariffs?

China said it "firmly opposes" the tariffs, but has not yet announced any retaliatory measures. The 10% tax on its imports to the US will be added over and above tariffs already imposed on China by Trump in his first term and by President Joe Biden. "Trade and tariff wars have no winners," said a spokesperson at China's Washington embassy. ...

Will Canada retaliate against the US?

Canada has already announced retaliatory tariffs against the US, with Canadian Prime Minister Justin Trudeau matching the 25% imposed on his country. He set out "far-reaching" tariffs would affect 155bn Canadian dollars' worth ($106.6bn; £86bn) of American goods ranging from beer and wine, to household appliances and sporting goods. ...

What did Canada and Mexico agree to do during a pause?

In exchange for the pause, Mexico agreed to deploy 10,000 of its National Guard troops to its northern border to curb illegal activities. Canada agreed to a set of initiatives targeting drug trafficking, money laundering, and border security. ...

Why did Canada and Mexico get a 30-day tariff pause?

Canada and Mexico have secured a 30-day reprieve on tariffs from President Donald Trump. In exchange for a pause, the countries agreed to boost border security and curb illegal activities. A 10% tariff on Chinese goods was not delayed, prompting retaliatory tariffs on the US. ...

Will China file a case against the United States?

China has said it will file a case against the United States in the World Trade Organization and take other countermeasures. Mexico President Claudia Sheinbaum indicated she would have preferred a negotiated settlement to the dispute but that Mexico would implement tariffs against the U.S. as an alternative option. ...

Will retaliation increase the cost of living?

Consumers in all countries could see an increase in the cost of living if businesses decide to pass on higher costs to customers, with US industry groups already raising the alarm. But Trump has indicated he is ready to escalate the duties further if the countries retaliate. ...