Wednesday Briefing: Canada and China strike back at tariffs
Good morning. We’re covering the U.S. trade war and Ukraine’s response to President Trump’s pause of military aid. Plus, a top architecture award for Liu Jiakun.
Canada and China retaliate against Trump’s tariffsCanada and China yesterday condemned the sweeping tariffs imposed by the Trump administration and said they would retaliate against U.S. exports. President Trump imposed 25 percent tariffs on imports from Canada and Mexico, and 10 percent on imports from China on top of a previous 10 percent. President Claudia Sheinbaum of Mexico said that if the U.S. tariffs were still in place on Sunday, she, too, would announce countermeasures. “You’re a very smart guy,” Prime Minister Justin Trudeau said, addressing Trump. “But this is a very dumb thing to do.” Trudeau said Canada would, in response, put 25 percent tariffs on $20.5 billion worth of unspecified U.S. goods. China announced levies on U.S. food imports and halted the sale of Chinese goods to 15 American companies. In Mexico, there were calls for boycotts of U.S. companies and products. Markets rattled: The announcement triggered a sell-off in global markets. The trade war loomed large over Trump’s upcoming address to Congress. We have live updates here.
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