Canada, Mexico and China have announced reprisals in response to US President Donald Trump’s tariff, which raised fears of a long trade war.
Trump imposed a 25 % tariff on imports from Canada, Mexico and 10 % on Chinese goods, on the pretext that the measures were necessary to combat illegal immigration and the flow of fentanel to the United States, and the European Union has also warned of potential counter measures if Trump expands the definitions of European goods.
Canada antagonists
Canadian Prime Minister Justin Trudeau strongly condemned the definitions, describing them as “completely unacceptable” and warning against having dangerous economic consequences. He said: “The definitions against Canada are at risk, and the American cars assembly and other manufacturing facilities may be closed.”
In response, Canada imposed 25 % fees on US goods worth $ 155 billion, targeting wood, plastic, alcohol, furniture and devices. British Columbia has banned wines from the US -led US states, while Ontario removed American alcohol stores.
Trudeau stressed that Canada will also challenge the United States’ tariff for the World Health Organization (the World Health Organization) and through the conflict resolution mechanism in the United States of America and icca agreement (USMCA).
Mexico B plan
Mexico took a strong position in the same way, as President Claudia Shinbom rejected Trump’s justification for definitions, describing them “a flagrant violation of USMCA”. She said, “We did not want to confront, but we would defend the economy of Mexico and the sovereignty of Mexico” in his speech in front of a crowd of people outside Mexico City with its grip.
The Shinbom government has launched the “Plan B”, which includes customs tariffs and non -fire targeting pork, cheese, fresh products and steel. Reports indicate that Mexico is studying an additional tariff ranging from 5 % to 20 % on more American exports.
The United States also accused the United States of not addressing its fentanel crisis, describing the allegations against Mexico is baseless. “We have done our role. The United States should bear its own problems.
China challenges us in the World Trade Organization
The Chinese Ministry of Commerce condemned definitions, saying it “is seriously violating international trade rules.” The Chinese government provided a legal challenge in the World Trade Organization and announced anti -import measures, although it has not yet been identified.
A ministry spokesman warned that “China will take the necessary measures to protect its legitimate rights and interests.”
Meanwhile, Beijing has directly rejected Trump’s fentanel, saying: “Ventanil is the problem of America. China has done more than enough to help reduce this issue.”
Europe refers to possible revenge
Although Trump has not yet imposed definitions on European imports, the European Union has indicated that it is ready for revenge if necessary.
German Chancellor Olaf Schools warned against protectionist policies and stressed the importance of maintaining open trade. “We will try to continue economic relations through cooperation, not confrontation,” said Schuls.
A spokesman for the European Commission added, “If the customs tariff is imposed on the European Union goods, we will respond firmly,” added a spokesman for the European Commission.
Taiwan help
Taiwan, which has close economic relations with both China and Mexico, has moved quickly to protect its industries. The Ministry of Economy has announced plans to help Taiwanese companies transfer operations to the United States to avoid definitions.
The government provides investment guidelines, legal support and local commercial partnerships to help companies affected smoothly. “The Taiwanese companies must adapt to global commercial transformations, and we will ensure that they obtain the necessary resources to move smoothly,” the ministry said in a statement.
The effect of work
The escalation of commercial tensions has already sparked market fluctuations, as stock indicators throughout Asia, Europe and North America have witnessed sharp declines. The most affected industries include cars, consumer goods and energy.
Car industry companies such as General Motors and Toyota are considering transferring production to the United States, while oil. The gas analyst warns that the Canadian and Mexican customs tariffs will increase fuel costs for American consumers.
Retailing traders such as Walmart and Target are also preparing to increase the costs of the supply chain, with the National Federation’s retail warning that the definitions will force Americans to pay more in exchange for daily consumer goods.
Trump has alluded to more customs tariffs, including those in the European Union, steel, semi -conductors and pharmaceutical preparations, raising concerns about the global economic slowdown and inflation. With the tariff for revenge in reality and the legal battles that are looming on the horizon, companies and investors are preparing for more unrest with the intensification of the World Trade War.
