Trump Confirms 25% Tariffs on Canada, Mexico Will Take Effect Tuesday
Breitbart4 days ago
US Tariffs Trigger Global Trade Retaliation
Above: Vallejo, California, Chevrolet dealerships display Silverado trucks on March 3, 2025. Image copyright: David Paul Morris/Contributor/Bloomberg via Getty Images
The Facts
US Pres. Donald Trump's new tariffs took effect at midnight on March 4, imposing a 25% levy on imports from Canada and Mexico, while increasing existing Chinese tariffs from 10% to 20%, affecting over $918B worth of US imports.
China announced retaliatory measures, including 15% tariffs on US chicken, wheat, corn, and cotton, plus 10% tariffs on soybeans, pork, beef, fruits, vegetables, and dairy products, scheduled to begin March 10.
Canadian Prime Minister Justin Trudeau announced immediate 25% retaliatory tariffs on $20.7B of US goods, with additional tariffs on $86.3B to follow in 21 days if US measures remain in place.
The Spin
Republican narrative
These tariffs will help make America great again by enabling political and economic concessions from allies and rivals on the global stage, boost US manufacturing, raise tax revenue, and spur domestic investment all while addressing critical national security concerns related to drug trafficking.
Democratic narrative
These tariffs will disrupt successful trading relationships, violate existing trade agreements, increase prices for American consumers on essential goods like groceries and automobiles, potentially cause job losses, and damage the broader global economy through escalating trade tensions.
Metaculus Prediction
Public Figures
Political split
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