Trade tensions heat up as China and Canada retaliate against U.S. tariffs

China and Canada on Tuesday retaliated against newly imposed U.S. tariffs, announcing their own levies on U.S. goods that could further disrupt U.S. trade with its top three trading partners.

HONG KONG — China and Canada moved swiftly on Tuesday to retaliate against newly imposed U.S. tariffs, announcing their own levies on U.S. goods that could further disrupt the United States’ trade with its top three trading partners.

A 25% U.S. tariff on almost all goods imported from Canada and Mexico took effect Tuesday just after midnight, along with an additional 10% tariff on goods from China. The three countries together accounted for more than 40% of total U.S. imports last year and are also the top three U.S. export markets.

China will impose additional tariffs of up to 15% on some U.S. goods, its government said, while Canada vowed tariffs of up to 25%. Mexican President Claudia Sheinbaum is expected to announce her response at a news conference in Mexico City on Tuesday morning, the country’s economy ministry said.

The new Chinese levies, which take effect on March 10, include a 15% tariff on chicken, wheat, corn and cotton and a 10% tariff on sorghum, soybeans, pork, beef, fruits, vegetables, and dairy and fish products. Chinese state media had reported earlier that U.S. agricultural products would be targeted.

China says the U.S. tariffs undermine cooperation between the world’s two largest economies and they hurt American businesses and consumers, as well as international trade.

https://www.nbcnews.com/news/world/trade-tensions-china-canada-retaliate-us-tariffs-rcna194645

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