usa news: US President Donald Trump has implemented 25% tariffs on imported goods from Mexico and Canada from Tuesday (4 March 2025). Also, 10% already implemented tariffs on imported goods from China have been increased to 20%. & Nbsp;
The purpose of these tariffs is to prevent smuggling of Fantanil and other illegal drugs from these countries in America. These tariffs were originally to be implemented last month, but they were stopped for 30 days.
Canada takes this big step
According to the report of Reuters & Nbsp;, Canadian Prime Minister Justin Trudeau has announced a 25% tariff on American goods from Tuesday in response to the US tariff, which will apply to goods worth 30 billion Canadians. If American tariffs are not withdrawn, Canada will also impose tariffs on American goods worth an additional 125 billion Canadian dollars in the next 21 days. & Nbsp;
Trudeau said that the tariffs of Canada will remain in force until American business action is withdrawn and if it does not, they will also consider other non-tariff measures.
The President of Mexico released the statement
Mexico President Claudia Sheenbam said that his country is ready to react in the event of American tariff being effective. Although he did not give details of special measures, but indicated that Mexico has backup plans.
China also replied
China’s Finance Ministry on Tuesday announced that they would impose additional tariffs from 10% to 15% on US agricultural products. 10% tariff will be applied to soybean, pork, beef, fish, fruits, vegetables and dairy products, while 15% tariffs will be applied to chicken, wheat, maize and cotton. Apart from this, China has also imposed exports and investment restrictions on 25 American companies.
Due to these tariffs, the possibility of economic recession in North America has increased. The US stock market has also seen a decline, which has put a question mark on global economic stability. Increasing trading stress between America, Canada, Mexico and China can have a serious impact on the global economy.
