On February 1, 2025, U.S. President Donald Trump signed an executive order imposing a 25% tariff on most imports from Canada and Mexico, and a 10% tariff on imports from China. This decision has sparked immediate backlash from affected countries.
Canadian Prime Minister Justin Trudeau announced retaliatory measures, stating that Canada will impose a 25% tariff on $30 billion CAD (approximately $21 billion USD) worth of U.S. goods starting February 3, 2025. In 21 days, tariffs will extend to an additional $125 billion CAD of American products.
Mexican President Claudia Sheinbaum instructed her administration to implement both tariff and non-tariff measures in response to the U.S. tariffs. She emphasized the need for dialogue rather than tariff imposition to address issues between the countries.
China's government expressed strong opposition, stating it would take necessary countermeasures and file a complaint with the World Trade Organization (WTO) regarding the tariffs.
The German government and the European Union criticized Trump's actions, stating that tariffs create unnecessary economic disruption and inflate prices for consumers. Experts in Germany warned that U.S. consumers would ultimately bear the cost of these tariffs.
Germany's Economy Minister Robert Habeck stated that Europe is prepared to respond to U.S. tariffs with counter-tariffs if necessary. The European Commission also expressed regret over the U.S. decision, emphasizing the importance of open markets.
The implications of these tariffs extend beyond the immediate economic effects, as they may lead to a broader trade conflict, impacting global supply chains and economic stability.