By Spy Uganda
President Donald Trump launched a trade war Tuesday against America’s three biggest trading partners, drawing immediate retaliation from Mexico, Canada and China and sending financial markets into a tailspin as the U.S. faced the threat of rekindled inflation and paralyzing uncertainty for business.
Just after midnight, Trump imposed 25% taxes, or tariffs, on Mexican and Canadian imports, though he limited the levy to 10% on Canadian energy. Trump also doubled the tariff he slapped last month on Chinese products to 20%.
Trucks line up to cross the border into the United States as tariffs against Mexico go into effect, Tuesday, March 4, 2025, in Tijuana, Mexico. (AP Photo/Gregory Bull)
Trucks line up to cross the border into the United States as tariffs against Mexico go into effect, Tuesday, March 4, 2025, in Tijuana, Mexico. (AP Photo/Gregory Bull)
Beijing retaliated with tariffs of up to 15% on a wide array of U.S. farm exports. It also expanded the number of U.S. companies subject to export controls and other restrictions by about two dozen.
In an address to Congress Tuesday night, Trump repeated two different explanations for his tariffs on Canada and Mexico. He cited the trade deficits the U.S. has with both countries, but also said, “they’ve allowed fentanyl to come into our country at levels never seen before, killing hundreds of thousands of our citizens.”
Trump also acknowledged there could be “a little disturbance” from the tariffs, a possible nod to the stock market’s sharp falls in the past two days as well as concerns about inflation.
“It may be a little bit of an adjustment period,” he said after claiming that farmers would benefit from reciprocal tariffs on countries that have tariffs on U.S. exports. “You have to bear with me again and this will be even better.”
Canadian Prime Minister Justin Trudeau said his country would plaster tariffs on over $100 billion (U.S. dollars) of American goods over the course of 21 days.
“Today the United States launched a trade war against Canada, their closest partner and ally, their closest friend. At the same time, they are talking about working positively with Russia, appeasing Vladimir Putin, a lying, murderous dictator. Make that make sense,” Trudeau said.
Later in the day, Commerce Secretary Howard Lutnick said the U.S. would likely meet Canada and Mexico “in the middle,” with an announcement coming as soon as Wednesday.
I have not checked in here for a while since I thought it was getting boring, but the last few posts are great quality so I guess I¦ll add you back to my everyday bloglist. You deserve it my friend 🙂
An impressive share, I just given this onto a colleague who was doing a little analysis on this. And he in fact bought me breakfast because I found it for him.. smile. So let me reword that: Thnx for the treat! But yeah Thnkx for spending the time to discuss this, I feel strongly about it and love reading more on this topic. If possible, as you become expertise, would you mind updating your blog with more details? It is highly helpful for me. Big thumb up for this blog post!
Hi there, just became aware of your blog through Google, and found that it is truly informative. I am gonna watch out for brussels. I will be grateful if you continue this in future. A lot of people will be benefited from your writing. Cheers!
Excellent website. Lots of helpful information here. I am sending it to several friends ans also sharing in delicious. And obviously, thank you in your sweat!
Hey just wanted to give you a quick heads up and let you know a few of the images aren’t loading correctly. I’m not sure why but I think its a linking issue. I’ve tried it in two different internet browsers and both show the same outcome.
Greetings! I know this is kinda off topic however , I’d figured I’d ask. Would you be interested in exchanging links or maybe guest writing a blog article or vice-versa? My website addresses a lot of the same topics as yours and I think we could greatly benefit from each other. If you happen to be interested feel free to shoot me an e-mail. I look forward to hearing from you! Fantastic blog by the way!
Wow! Thank you! I continually needed to write on my site something like that. Can I take a part of your post to my website?
Does your blog have a contact page? I’m having problems locating it but, I’d like to shoot you an email. I’ve got some suggestions for your blog you might be interested in hearing. Either way, great site and I look forward to seeing it develop over time.
What i don’t understood is in truth how you’re no longer really a lot more smartly-appreciated than you might be right now. You are so intelligent. You recognize thus considerably in the case of this topic, produced me individually imagine it from so many various angles. Its like women and men aren’t involved unless it?¦s one thing to do with Girl gaga! Your own stuffs outstanding. Always care for it up!
Thank you for the sensible critique. Me and my neighbor were just preparing to do a little research about this. We got a grab a book from our local library but I think I learned more from this post. I’m very glad to see such fantastic info being shared freely out there.
You made some nice points there. I did a search on the subject and found most people will go along with with your website.
You should take part in a contest for one of the best blogs on the web. I will recommend this site!
Thank you for some other informative site. Where else may just I am getting that kind of info written in such an ideal manner? I’ve a challenge that I’m simply now operating on, and I have been on the glance out for such info.
I reckon something truly special in this internet site.
Incredible! This blog looks exactly like my old one! It’s on a totally different subject but it has pretty much the same page layout and design. Excellent choice of colors!
Thank you for sharing superb informations. Your web-site is so cool. I am impressed by the details that you¦ve on this website. It reveals how nicely you perceive this subject. Bookmarked this web page, will come back for more articles. You, my friend, ROCK! I found just the info I already searched everywhere and just couldn’t come across. What a great website.
Hiya very cool blog!! Guy .. Excellent .. Amazing .. I will bookmark your web site and take the feeds alsoKI am glad to seek out so many helpful info here in the post, we’d like develop more techniques in this regard, thank you for sharing. . . . . .
I’m so happy to read this. This is the kind of manual that needs to be given and not the accidental misinformation that’s at the other blogs. Appreciate your sharing this best doc.
F*ckin’ remarkable things here. I’m very glad to see your post. Thanks a lot and i am looking forward to contact you. Will you please drop me a e-mail?
hello!,I like your writing very a lot! share we keep up a correspondence extra about your article on AOL? I need an expert in this area to unravel my problem. Maybe that is you! Looking ahead to see you.
You are my aspiration, I possess few blogs and very sporadically run out from to post : (.
Woah! I’m really digging the template/theme of this website. It’s simple, yet effective. A lot of times it’s tough to get that “perfect balance” between superb usability and appearance. I must say you have done a excellent job with this. Also, the blog loads very fast for me on Safari. Exceptional Blog!
Enjoyed reading through this, very good stuff, thankyou. “We swallow greedily any lie that flatters us, but we sip little by little at a truth we find bitter.” by Denis Diderot.