(Trump administration is continuing with Biden admin's plan to make the economy scream. In all likelihood so they can bring about... oh dare I say it?... the Great Reset and their digital currency agenda. Yep. The WEF is all about smaller government, deregulation and privatizations. All the stuff Trump and Musk are doing as fast as they can. And you thought it was over. Nope. Not by a longshot.)
from Reuters
U.S. President Donald Trump's
new 25% tariffs on imports from Mexico and Canada took effect on
Tuesday, along with a doubling of duties on Chinese goods to 20%,
launching new trade conflicts with the top three U.S. trading partners.
The
tariff actions, which could upend nearly $2.2 trillion in two-way
annual U.S. trade went live at 12:01 a.m. EST (0501 GMT), hours after
Trump declared that all three countries had failed to do enough to stem
the flow of the deadly fentanyl opioid and its precursor chemicals into
the U.S.
China responded immediately
after the deadline, announcing additional tariffs of 10%-15% on certain
U.S. imports from March 10 and a series of new export restrictions for
designated U.S. entities.
Canada
and Mexico, which have enjoyed a virtually tariff-free trading
relationship with the U.S. for three decades, were poised to immediately
retaliate against their longtime ally.
Canadian
Prime Minister Justin Trudeau said Ottawa would respond with immediate
25% tariffs on C$30 billion ($20.7 billion) worth of U.S. imports, and
another C$125 billion ($86.2 billion) if Trump's tariffs were still in
place in 21 days. He said previously that Canada would target American beer, wine, bourbon, home appliances and Florida orange juice...
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