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- cross-posted to:
- news
- [email protected]
- economy
Summary
Trump signed an executive order imposing 25% tariffs on Canadian and Mexican imports—excluding Canadian energy at 10%—plus additional duties on Chinese products.
In response, Prime Minister Justin Trudeau announced a 25% duty on $155 billion in U.S. goods, beginning with $30 billion in tariffs Tuesday.
Mexican President Claudia Sheinbaum indicated reciprocal tariffs, rejecting claims that Mexico tolerates criminal groups trafficking fentanyl and insisting on respect for sovereignty.
Experts warn these tit-for-tat measures could drive up costs, disrupt supply chains, and mirror the previous U.S.-China trade war, possibly harming security.
That way the rich capitalists can buy up EVRRYTHING at fire sale prices!
Remember when Biden was doing all he could to keep things in one piece while all the newspapers were trying to doom and gloom us into a recession just after the Great Resignation?
Stability is bad for business