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Mexico and Canada vow retaliation as Trump's tariffs take effect

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  Mexico and Canada vow to retaliate against sweeping tariffs imposed Tuesday by President Trump on all goods from their countries, a move that overnight upended free trade in North America.

The article discusses the implementation of tariffs by former U.S. President Donald Trump on steel and aluminum imports from Mexico and Canada, which took effect in 2018. Both countries have vowed to retaliate against these tariffs. Mexican Economy Minister Ildefonso Guajardo and Canadian Foreign Minister Chrystia Freeland expressed their disappointment and readiness to respond with countermeasures. Mexico announced plans to impose tariffs on various U.S. products like pork, apples, and cheese, while Canada prepared to target U.S. goods such as steel, aluminum, and consumer products. The article highlights the potential negative impacts on North American trade, the integrated supply chains, and the broader economic implications, including possible job losses and increased costs for consumers. It also notes the broader context of trade tensions and the renegotiation of the North American Free Trade Agreement (NAFTA).

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/mexico-and-canada-vow-retaliation-as-trump-s-tariffs-take-effect/ar-AA1AeCv8 ]