Trade war escalated: Trudeau announces tariffs on US goods!

Trade war escalated: Trudeau announces tariffs on US goods!

Kanada - The trade conflicts between the USA and several nations escalate dramatically! The US government has just introduced punitive tariffs to a variety of goods from Canada, Mexico and China. This step, announced by President Donald Trump, comprises tariffs from 25 percent to imports from Canada and Mexico as well as an increase in tariffs to Chinese goods to impressive 20 percent. This happened on March 4, 2025 and triggered immediate reactions from the countries concerned. As krone.at , Canada's prime minister Justin Trudeau announced in response to the new US tariffs to collect punitive tariffs worth more than $ 100 billion.

China's retaliation duties

In a lightning -fast reaction, China also took immediate measures. The Asian country imposes punitive tariffs on essential US agricultural products. From now on, 15 percent tariffs apply to chicken meat, wheat, corn and cotton from the United States, while tariffs will be 10 percent on Sorghaum brain, soybeans, pig and beef and dairy products. This decision is in direct connection with the increase in US tariffs and, according to n-tv.de to counteract which threatens the multilateral trade structure.

Trump defends his aggressive customs measures as a necessary weapon in the trade war by leading the smuggling of Fentanyl from China to the USA. This hard rhetoric and the immediate answers from North America could lead the trade relationships into a new, turbulent phase that not only affects the respective markets, but also questions global economic structures.