United States President Donald Trump has imposed tariffs of 25 percent on goods from Mexico and Canada, and 10 percent on goods from China, starting on February 4. These tariffs have the potential to significantly impact billions in trade and global markets.
Canadian Prime Minister Justin Trudeau has retaliated by announcing 25 percent tariffs on U.S. goods valued at AU$252 billion, which includes products like beer, wine, and appliances.
European leaders are gearing up to react to possible U.S. tariffs, emphasizing the need for negotiation and cautioning about potential economic repercussions, including a potential blow to GDP.
China intends to dispute Trump's tariffs at the World Trade Organization, while Mexican President Claudia Sheinbaum has pledged to stand firm against the trade measures.