Trumps Trade War Begins! Slams 25 percent tariff on Canada, Mexico and China, citing a threat from illegal immigration and drugs.
In retaliation, Canadian Prime Minister Justin Trudeau announced a 25% tariff on $155 billion worth of goods from the United States.
77% of Canada’s exports go to the U.S. and 84% of Mexico’s exports go to the U.S.
According to reports, China, Mexico and Canada accounted for more than 40% of imports into the US last year.
China said it will file a complaint with the World Trade Organization and “take corresponding countermeasures” over President Donald Trump’s decision to impose new tariffs against it.
The Trump administration said tariffs are aimed at curbing the flow of drugs and undocumented immigrants into the US, but they potentially risk substantial price increases for American consumers across an array of common goods from avocados to sneakers to cars.
| Posted: at | |
TRENDING GISTS 
Leo XIV Celebrates First Mass After Historic Election As Pope
He Laughed At Me When I Had Issues With The Authorities -Bobrisky React To VeryDarkMan’s Arrest
PHOTOS: Troops Arrest Notorious Gunrunners, Recover Arms In Kaduna
PHOTOS: Young Woman Brutally Murdered By Suspected Ritualists, Priv@te Part Removed In Ogun
Woman Slams Her Husband For Allegedly Having Unprotected S3x With Random Girls After Publicly Apologizing To Her
Actress, Laide Bakare Crowned UN Ambassador Of Peace
VIDEO: President Tinubu Conferred With a Chieftaincy Title in Anambra State