Bloomberg News
February 2, 2025 at 06:26 AM
Here's what to know about President Trump's imposition of sweeping tariffs on US trading partners:
- The White House announced plans to slap 25% tariffs on Mexico and Canada and 10% on China starting Tuesday: https://bloom.bg/40XeC9b
- Canada will place 25% counter-tariffs on C$155 billion ($107 billion) worth of American-made products, also starting Tuesday: https://bloom.bg/40yz4vC
- Mexico’s president called for retaliatory tariffs and other non-tariff measures on the US while also opening the door for the two sides to cooperate on security and public health issues: https://bloom.bg/3CnLZIR
- China vowed to take “corresponding countermeasures” against the US but didn’t specify them; it also plans to file proceedings to the WTO: https://bloom.bg/40HJ3i3
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