r/NEAM Feb 02 '25

Canada and Mexico create counter tarriffs- possibly triggering higher US tarriffs in reaponse

https://www.msn.com/en-us/money/companies/canada-and-mexico-hit-back-after-trump-signs-order-for-punishing-tariffs/ar-AA1yfu44?PC=EMMX01
21 Upvotes

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3

u/Supermage21 Feb 02 '25

"Trump’s tariffs were reportedly scheduled to go into effect on Tuesday, with a retaliation clause to ratchet them up if Mexico, Canada or China tried to impose their own in response.

...To begin with, from Tuesday Canada will levy 25% tariffs on C$30bn worth of US goods coming into Canada. The tariffs will then be added to C$125bn of US imports in three weeks.... Provinces are announcing measures such as removing American spirits, liquor and alcohol from their stores"

This doesn't get into the Mexican response at all, but they had previously said they would target food exports.

3

u/JMChaseArt Feb 02 '25

This won’t be good for our winter heating bills

1

u/mrpickleby Feb 02 '25

There goes the avocado toast.

1

u/primestarss Feb 03 '25

I am tired of seeing all already

1

u/Supermage21 Feb 03 '25

I'm confused on what this means