The U.S. is imposing a 25% tariff on imports from Canada and Mexico starting February 4, prompting swift retaliation. Canada will impose similar tariffs on U.S. goods worth C$155 billion, with the first C$30 billion taking effect immediately and the rest within 21 days. British Columbia will also stop buying American liquor from “red states.” Mexico plans its own countermeasures. The White House warns of escalating tariffs if retaliation continues. The U.S. heavily relies on imports from Canada, Mexico, and China, with trade valued at hundreds of billions in 2024.
Source – CGTN