
US tariffs take effect and Mexico, Canada and China retaliate with their own tariffs on the US
US President Donald Trump’s long-threatened tariffs against Canada and Mexico have gone into effect, kicking off a trade war with America’s neighbors.
Starting just past midnight Tuesday, imports from Canada and Mexico are now taxed at 25%, with Canadian energy products subject to 10% import duties.
In addition, the 10% tariff that Trump placed on Chinese imports in February was doubled to 20%.
China retaliated Tuesday with additional tariffs of up to 15% on a wide array of U.S. farm exports, among other measures.