Canada retaliates with 25% tariffs on US as Trudeau calls Trump move a ‘very dumb thing to do’
China increased import duties on US agricultural and food products by 10-15% in response to new US tariffs. Beijing also imposed export/investment restrictions on 25 US companies. The US imposed a 25% tariff on imports from Canada and Mexico, prompting Canada to retaliate with 25% tariffs on $30 billion CAD worth of US imports, with potential for more. China argues US tariffs violate WTO rules, while Canada plans to challenge the US measures at the WTO and through the US-Mexico-Canada trade agreement.
