Mexico will announce retaliatory tariffs on Sunday, Sheinbaum said.
Mexican President Claudia Sheinbaum now talks about U.S. tariffs and says there is no reason for the new taxes imported from her country.
Sheinbaum said she will announce retaliatory tariffs this weekend.
“We decided to respond with the tariff and non-tariff measures that I will announce on Sunday,” Sheinbaum said.
– Jesse Pound, Fred Imbert
Canada’s retaliatory tariffs will begin on Tuesday
Canadian Prime Minister Justin Trudeau participated in the Lunar New Year event in Ottawa, Ontario, Canada on February 4, 2025.
Blair Gamble | Reuters
Canadian Prime Minister Justin Trudeau said on Monday Retaliatory tariffs If U.S. President Donald Trump follows his proposed taxes, U.S. goods will begin Tuesday.
According to one report statement. The remaining $125 billion ($86.7 billion) levy will begin within 21 days.
“Our tariffs will remain the same until the U.S. trade lawsuit is withdrawn, and if our tariffs do not stop, we will have active and ongoing discussions with provinces and territories to take several non-tariff measures,” Trudeau said.
– Sarah Min
Mexico’s next step is unclear
Mexican President Claudia Sheinbaum held a press conference the day after U.S. President Donald Trump imposed tariffs at the National Palace in Mexico City.
Louis Cortez | Reuters
While Canada and China have announced retaliation against tariffs, Mexico has not made a similar announcement as of Tuesday morning.
Trump and Mexican President Claudia Sheinbaum have previously worked together on border security, but the U.S. president said Monday there is no room for negotiations.
Target CEO Brian Cornell said Tuesday that Mexico’s tariffs could cause rise In the next few days.
– Jesse Pound
Trump imposes reciprocal tariffs on crosshairs next month with Europe
President Donald Trump held a press conference with TSMC CEO CC WEI, announcing that Taiwan Semiconductor Manufacturing Corporation (TSMC) plans to invest $100 billion in a new manufacturing facility in the US Roosevelt Room in the White House Roosevelt Room on March 3, 2025 in Washington, DC.
Annabelle Gordon | The Washington Post | Getty Images
President Donald Trump confirmed on Monday that the U.S. will impose reciprocal tariffs on countries his administration believes are using unfair trade practices.
“Reciprocal tariffs will begin on April 2,” Trump told reporters at a press conference.
Trump’s policy aims to reduce the U.S. trade deficit, which he described as a national security threat in a presidential memorandum signed on February 13.
When Trump’s reciprocity tariffs come into effect, the European Union will likely be on the crosshairs. The president repeatedly criticized the VAT for goods and services used by European countries, claiming that it puts American companies at a disadvantage.
Trump’s presidential memorandum on reciprocity tariffs specifically convened VAT.
Trump is Cabinet meeting Last Wednesday, a 25% tariff was imposed on the EU, claiming the group was to “smash the United States.”
According to the Office of the United States Trade Representative, the total U.S.-EU commodity transactions are $2,024. The U.S. trade deficit with the EU is US$235.6 billion.
– Spencer Kimball
China is attacking us with its own tariffs
China has quickly fought back Trump’s latest tariff plan.
The Chinese government announced on Tuesday Retaliatory tariffs Some U.S. goods starting March 10 and up to 15% of goods and new export controls.
New tariffs from China target the U.S. agricultural sector. According to the Treasury website, U.S. corn will face a 15% tax, while soybeans will be subject to a 10% tariff.
The move comes as the U.S. imposes an additional 10% tariff on Chinese goods to take effect on Tuesday.
China’s relationship with the United States will definitely see differences, but China will not accept pressure or threats.
– Jesse Pound
Stock concerns about tariffs are popular
The stock market has struggle As investors believe, the expected impact of President Donald Trump’s expectations on the economy.
this S&P 500 Take it off The worst day of 2025 The losses at the meeting Monday were shocking after Trump made it clear that his planned taxation would take effect. With this decline, the broad index is now red.
stock Notable connection People feel the heat for those countries that are polished by tariffs. Ford and General Motors Both fell in the former market on Tuesday, extending the losses this year. chipotle,about half Its avocado from Mexico, which also retreated, also dropped by nearly 10% in 2025.
– Alex Harring
Trump provides tariffs to escalate global trade struggle
trump card False hope to reach a last-minute deal This avoids a trade war with 25% tariff About Canada and Mexico It’s in place at midnight.
Trump told reporters Monday afternoon that there was “no room left in Mexico or Canada” to negotiate alternatives to tariffs, and he threatened to impose tariffs within weeks.
On Monday, Trump also imposed an additional 10% tariff on Chinese imports, causing him to play 10% duty in Beijing in early February.
— Yun Li, Kevin Breuninger
