In a statement, China's Ministry ofCommerce expressed strong dissatisfaction and opposition to Trump's decision,vowing to take "corresponding countermeasures to firmly safeguard itsrights and interests."
“There is no winner in a trade war.”
Similarly, outgoing Canadian PrimeMinister Justin Trudeau announced that his country would impose tariffs on theUS starting Tuesday in response to Trump’s measures. Canada will immediatelyapply tariffs on CAD 30 billion worth of American goods, with additionaltariffs on CAD 125 billion worth of US products to be imposed within 21 days.
On Saturday, the Trumpadministration imposed tariffs on the United States' key trade partners—Canada,Mexico, and China—with a lower rate applied to Canadian energy imports, theWhite House announced.
Trump's order includes a mechanismto further raise tariffs if countries retaliate against the US.
The tariffs, in the US president'sview, are intended to pressure countries to do more to curb the flow offentanyl into the United States, while also aligning with his protectionistpolicies aimed at boosting domestic manufacturing and generating federalrevenue.
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