Trump's Tariffs on Canada and Mexico Loom

Donald Trump has announced new tariffs of 25% on Canadian imports, set to take effect soon. The Canadian government is preparing its response, while Mexico is also bracing for possible tariffs. Discussions between US and Canadian officials are ongoing.


Trump's Tariffs on Canada and Mexico Loom

The President of the United States, Donald Trump, announced his intention to impose new tariffs on imports, without specifying which countries they would be applied to. It is expected that Canada and Mexico could be affected by this measure, but no further details were provided. Trump also reiterated his intention to impose tariffs of 25 percent on imports from Mexico and 10 percent on those from China.

So far, the Government of Mexico has not received official notification about the tariffs proposed by Trump, despite the fact that he informed Canada that the 25 percent tariffs would take effect from February 4. Canadian Prime Minister Justin Trudeau is expected to announce his Government's response in the coming hours.

In light of this situation, the President of Mexico, Claudia Sheinbaum, met with the Business Coordinating Council to review the Mexico Plan, which aims to position the country among the ten largest economies in the world and generate 1.5 million jobs in the specialized manufacturing sector. Marcelo Ebrard, Secretary of Economy, stated that they are working in coordination with the private sector in anticipation of possible tariffs by the United States.

Both Mexico and Canada are prepared for a potential imposition of tariffs by Trump. Sheinbaum asserted that they have concrete plans to respond to this situation, emphasizing that they will always defend the dignity and sovereignty of the Mexican people. Trudeau, for his part, warned that Canada has a ready and determined response to the measures proposed by the U.S. President.

In the midst of this uncertainty, conversations and exchanges are ongoing between the governments of the United States, Mexico, and Canada to address the issue of tariffs and seek solutions to this situation that could affect the economy and trade of the involved countries.