Canada and Mexico weigh tariffs in response to US import tax proposal

news.yahoo.com

Canada is considering retaliatory tariffs against the US in response to Donald Trump's proposed 25% import tax on Canadian exports. Discussions are ongoing, but no decision has been made yet. Canadian officials argue that linking Canada with Mexico is unfair. Mexico's President Claudia Sheinbaum has also threatened to impose tariffs if Trump moves forward with his plans. She criticized Trump's claims about migration and drug issues, emphasizing the need for cooperation rather than threats. Both countries are concerned about the potential economic impact of tariffs. Canada is a major trading partner for the US, with significant daily trade volumes. Mexico's economy is heavily reliant on US exports, making it vulnerable in a trade conflict.


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