Trump’s Trade War Escalates, Canada Responds With Retaliatory Tariffs
Trump’s trade war against the US’s neighbors Mexico and Canada, as well as China, continues with sweeping tariffs on the three countries going into effect just after midnight on Tuesday, March 4. A 25% tariff was added on all imports from Canada and Mexico, and an additional 10% tariff on imports from China.
On March 5, Trump granted a one-month exemption on imports from Mexico and Canada for US automakers, following a conversation with the three largest auto manufacturers in the country: Ford, General Motors, and Stellantis, according to an announcement by White House press secretary Karoline Leavitt. Other levies remain in place.