Trump Trade War Diary — Day 43

US tariffs on China, Mexico, and Canada are now active. Canada and China already announced their retaliatory measures, and Mexico is expected to follow suit with announcement by the end of the week.

US tariffs on China, Mexico, and Canada are now active. Canada and China already announced their retaliatory measures, and Mexico is expected to follow suit with announcement by the end of the week.

China reponse:

• China slaps 10%-15% retaliatory levies on U.S. agriculture exports
• Levies will affect about $21 billion in US exports
• Clamps export, investment controls on 25 U.S. firms

Canada responds with 25% tariffs:

• Canada is implementing countermeasures worth $155 billion on U.S. imported goods
• The first phase includes immediate tariffs on $30 billion in U.S. goods
• If U.S. tariffs continue, Canada will increase countermeasures to the full $155 billion
• The scope could also increase if new U.S. tariffs are imposed
• Canada stated this was not their desired outcome but is necessary to protect their economy and jobs
• First phase tariffs began at 12:01 a.m., March 4, 2025
• First phase targets include:
  • Orange juice
  • Peanut butter
  • Wine, spirits, and beer
  • Coffee
  • Appliances
  • Apparel and footwear
  • Motorcycles
  • Cosmetics
  • Certain pulp and paper products
• The potential second phase (additional $125 billion) is open for a 21-day comment period
• Second phase targets would include:
  • Electric vehicles
  • Fruits and vegetables
  • Beef and pork
  • Dairy products
  • Electronics
  • Steel and aluminum
  • Trucks and buses

The detailed list of goods is available here

Here is the announcement made by Trudeau: