• President Trump implemented 25% tariffs on Canadian and Mexican imports and raised existing Chinese tariffs by an additional 10%.
  • Canada announced immediate 25% retaliatory tariffs on US goods worth 30 billion Canadian dollars, with additional measures planned within 21 days.
  • China responded with 10-15% tariffs on US agricultural products, including soybeans, corn, dairy, and beef, and export and investment restrictions on 25 US firms.

US President Donald Trump announced tariffs on imports from Mexico, Canada, and China on Tuesday, ending days of speculation around the issue.

The measures, originally scheduled to go into effect last month, saw a 30-day pause as Trump asked the countries to end or 'severely limit' the flow of fentanyl into the US.

On Monday, the Republican president stated there was 'no room' for a deal with Canada and Mexico regarding the tariffs, confirming the plan would go into effect on Tuesday as scheduled.

The proposed plan puts 25 % tariffs on imports from Canada and Mexico. China was hit with an additional 10 percent tariff on top of the 10 percent already in place.

As the tariffs kicked in at Tuesday midnight, all three affected countries quickly launched their own countermeasures, raising concerns about an escalating trade war.

How Mexico, Canada, and China responded

Canada
Outgoing Canadian Prime Minister Justin Trudeau announced 25% tariffs on US goods worth 30 billion Canadian dollars, effective immediately.

That's not all — the rest of the retaliatory tariffs on US goods worth 125 billion Canadian dollars will be slapped within 21 days.

Mexico
On Monday the US' southern neighbor announced that it has backup plans in case Trump goes ahead with his tariff plans.

Without giving many details, Mexico President Claudia Sheinbaum said that the country was prepared for the United States tariffs that took effect on Tuesday.

China
China announced tariffs on various agricultural products in response to fresh US tariffs.

On Tuesday, China's finance ministry said it would impose additional tariffs of between 10 percent and 15 percent on agricultural products ranging from soybeans and corn to dairy and beef.

Among the US products facing 10% retaliatory tariffs in China are soybeans, sorghum, pork, beef, aquatic products, fruits, vegetables, and dairy products.

The Chinese finance ministry said 15 % tariffs will be imposed on chicken, wheat, corn, and cotton. Along with tariffs, China also imposed export and investment restrictions on 25 US firms.

Edited by Annette George