Canada, Mexico and China respond to Trump’s tariffs

The president of the United States, Donald Trump, imposed on Saturday tariffs of great threatened to imports from Canada, Mexico and China, and countries did not take long to respond.

Trump signed an order that slapped 25% of the goods of the goods of Mexico and Canada, and a 10% tax on Chinese imports, which will begin on Tuesday. Canada’s energy resources face a lower 10% rate to “minimize the disruptive effects we could have on gasoline and heating oil prices at home,” according to a senior administration official.

In the Executive Order, Trump said that if the countries, the three largest commercial partners in the United States, could be fulfilled with an “increase or expansion in the scope” of the duties already taxes.

In Publish in xTrump said the duties had been imposed “due to the great threat of illegal foreigners and mortal drugs that kill our citizens, including fentanyl.”

The United States around $ 1.6 billion in business each year with Canada, Mexico and China. Tariffs are expected to be used as negotiation chips and methods to make changes in foreign policy, specifically with respect to immigration and drug trade problems, by the Trump administration.

The reaction of one of the three countries was rapid and decisive, while the others seemed to adopt more an approach to wait and see Trump’s tariffs. Here is a look at your answers.

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Canadian Prime Minister Justin Trudeau slapped 25% retaliation tariffs against $ 155 billion of US goods shortly after the Trump tariffs were announced.

He said that the duties of $ 30 billion in American products will be imposed on Tuesday, with tariffs on other products of $ 125 billion in products that will be introduced in 21 days, “to allow Canadian companies and supply chains to seek to find alternatives”.

“Like American tariff Trudeau said at a press conference on Saturday night. “It will include important consumer products such as appliances, furniture and sports equipment, and materials such as wood and plastics, along with much, much more.”

Going directly to US citizens, Trudeau added: “This is an election that, yes, will damage Canadians, but beyond that, it will have real consequences for you, the American people.”

Represession tariffs are expected to exacerbate further price increases in both the US and other places. The price of everything, from cars and electronics to toys and food. It is expected to be affected.

Trudeau added that “it doesn’t have to be so.”

“Yes, we have had our differences in the past, but we have always found a way to overcome them. As I said before, if President Trump wants Do not punish us, “he said.

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Mexico also promised reprisals after the news, although it did not reveal details.

President Claudia Sheinbaum criticized Trump’s tariffs and said she had ordered the Secretary of the Economy to “implement Plan B in which we have been working, which includes measures of tariffs and non -tariffs in defense of the interests of Mexico.”

In Long publication in xThe president added: “We categorically reject the slander of the White House of the Government of Mexico alleging alliances with criminal organizations, as well as any intention to interfere in our territory.”

“Mexico does not want to confront. We begin from the collaboration between neighboring countries,” he said in the position, translated by NBC. “Mexico not only does not want fentanil to reach the United States, but it doesn’t want it to come anywhere.”

“We must work together in an integral way, but always under the principles of shared responsibility, mutual trust, collaboration and, above all, respect for sovereignty, which is not negotiable. Coordination, yes; subordination, no,” he added.

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China said it would file a lawsuit with the World Trade Organization in response to duties and “would take the necessary countermeasures.”

“The increase in the unilateral rate of the United States seriously violates the WTO rules, does nothing to solve its own problems and interrupts normal economic and commercial cooperation between China and the United States,” said the Ministry of Commerce of China In a statement on Sunday, according to an NBC translation.

“In response to this unfair action, China will file a lawsuit with the WTO and take the necessary countermeasures to sign their rights and interests firmly.” China has complained to the WTO for tariffs before, In particular with respect to EU tariffs on Chinese EVs last year.

The fact that China did not stop at an immediate escalation has increased hope that there may be some space to avoid total commercial war between the two countries. The lowest 10% cars to Chinese manufacturing goods can also be a relief given the repeated threats made by Trump in the campaign to impose duties of 60% or more in imports of the country.

In his statement, China backed Trump’s comments on fentanil, describing it as a “domestic problem.”

“China urges the United States to adopt an objective and rational approach to its domestic problems, including fentanyl, instead of resorting to tariff threats against other countries,” he said.

Synthetic opioid fentanyl is an addictive drug that causes thousands of overdose deaths every year in the United States, the chemicals necessary to make drugs mainly occur in China and Mexico. Washington and Beijing had previously agreed to cooperate on the subject.

In a note on Sunday, Paul Ashworth, head of the Economy of the capital of North America, said the tariffs were “only the first strike in what could become a very destructive global commercial war.”

He said he hopes that imports from the European Union be attacked in the coming months, with universal tariffs, very announced by Trump in the campaign, which is expected in April.

The economic impact will be significant for all countries involved, according to Ashworth.

“Since exports to the United States represent about 20% of their GDP, today’s tariffs could submerge Canadian and Mexican economies in the recession at the end of this year,” he wrote.

“The resulting increase in inflation of the United States of these rates and other future measures will be even faster and will be larger than we initially expected.”

– Tanaya Machel, Kevin Breuninger and Jeff Cox de CNBC contributed to this report.