Trump's trade war among allies triggers retaliation from Canada and Mexico

euronews (in English)

President Trump declared an economic emergency so that he could place duties of 10% on all imports from China and 25% on imports from Mexico and Canada.

Transcript

00:00Shoppers at a supermarket in Pennsylvania reacted to a move by U.S. President Donald

00:07Trump to impose tariffs on imports from Canada, Mexico and China, America's three biggest

00:13trading partners.

00:15His tariffs against Canada and Mexico in order to stop illegal immigration and the illicit

00:20fentanyl trade have led to retaliatory taxes by both countries on U.S. imports.

00:28Let's give it a go.

00:29Let's give it a go.

00:30Let's try it out.

00:31And we'll see.

00:32I mean, we still have four years.

00:33Give it a shot.

00:34Try it out.

00:35And what?

00:36In the next four years, they say, no, that's garbage, then get rid of it.

00:40I know that we have a lot of trade with the countries named, especially China, and obviously

00:46Mexico and Canada are our neighbors, so I have to imagine there's a decent amount of

00:49trade there.

00:50Tariffs will, you know, inevitably be passed on to the consumer, and I don't think that's

00:56what anyone voted for necessarily.

01:00Trump placed an additional 10 percent tariff on imports from China.

01:05He did so without congressional approval and by his own acknowledgment at the chance of

01:09some pain in the form of higher inflation, job losses and worse growth for Americans.

Category

Transcript

Recommended