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New Tariffs Imposed on Goods Entering the US From Canada, Mexico, and China

Donald Trump imposed new tariffs on goods entering the US from Canada, Mexico, and China. The US president signed an executive order putting a 25% tariff or tax on imports of all goods coming from Canada and Mexico to get both countries to crack down on illegal immigration and drug trafficking. Additionally, goods from China will be subject to a 10% tariff on top of existing tariffs until the country addresses fentanyl smuggling.

Theo Edwards for YAME Digital

We have officially entered the ‘Find Out’ phase

Saturday, February 1, 2025

 

BREAKING News: Monday, February 3, 2025: Trump faces backlash from business as trade war sounds inflation alarm.

UPDATES: Mexico President Claudia Sheinbaum says US tariffs are on hold for a month after talks with President Donald Trump; Canada 'misunderstood'

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UPDATES: Mexico President Claudia Sheinbaum says US tariffs are on hold for a month after talks with President Donald Trump; Canada 'misunderstood' 〰️

Trump has given a range of reasons for imposing tariffs, including border security, inflows of drugs, and trade deficits - Canada has already introduced retaliatory tariffs.

Canada and Mexico move to retaliate on Trump tariff orders. Moments after Ottawa Premier Doug Ford announced that US companies would be banned from Ontario Government provincial contracts as a direct consequence of tariffs. America only has Donald Trump to blame.

Every year, the Ontario government and agencies spend $30 billion on procurement along with a $200 billion plan to build Ontario. US-based businesses will now lose out on tens of billions of dollars in new revenues.

Ontario, the most populous of Canada’s ten provinces and its industrial heartland, also announced on Monday that it was canceling a C$100 million ($68.12 million) contract with Elon Musk's Starlink. This decision is the latest response to the tariffs imposed by U.S. President Donald Trump.

‘Canada did not start this fight with the U.S., but you better believe we’re ready to win it’ ~ Doug Ford, Ottawa Premier.

The US president spoke to Canadian Prime Minister Trudeau to discuss the tariffs after the White House said Ottawa had “misunderstood” the situation. The two will speak again in a few hours.

LATEST UPDATE: Monday, February 3, 2025 | 5:12 PM EST.

Trump's sudden pause on tariffs with Canada and Mexico reveals uncertainty. While politicians may breathe easier with the halt in tariffs, the situation is more complicated.

Following an agreement to enhance border security, Canada plans to appoint a "fentanyl tsar," while Mexico will deploy 10,000 troops to the border as part of the deal with Trump. Canada is also facing increasing pressure to reduce its reliance on the United States and to reevaluate the nature of its cross-border relationship.

Buy Canada

Anger persists prompting calls for Canada to boost in-country trade while seeking more dependable international partners beyond the US.

China

China has placed counter-tariffs on US imports that will take effect on February 10.

Monday, February 3, 2025 | 7:30 PM EST.

Beijing hits back! China has announced retaliatory tariffs on certain American goods as U.S. tariffs on all Chinese products come into effect.

Beijing Strikes With Lightening Speed. China is not what it once was.

The Chinese tariffs due to begin on Monday would put a 15% import tax on US coal and liquefied natural gas, plus 10% on crude oil, agricultural machinery, pick-up trucks, and some sports cars. But there are signs that Beijing is in listening mode.

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Donald Trump imposed new tariffs on goods entering the US from Canada, Mexico, and China. The US president signed an executive order putting a 25% tariff or tax on imports of all goods coming from Canada and Mexico to get both countries to crack down on illegal immigration and drug trafficking. Additionally, goods from China will be subject to a 10% tariff on top of existing tariffs until the country addresses fentanyl smuggling.

President Trump views his actions as a central part of his economic vision. He sees tariffs as essential for growing the US economy, protecting jobs, and increasing tax revenue. Which Economists largely viewed [statement] as misleading.

We have officially entered the ‘Find Out’ phase

Justin Trudeau, the Prime Minister of Canada, in his responses, announced retaliatory measures against the United States.

 
 

Canada is imposing a 25% tariff on $155 billion worth of American goods in response to the U.S. trade actions.

$30 billion worth of American goods will face immediate tariffs starting on Tuesday.

An additional $125 billion worth of American products will be subject to tariffs in 21 days, providing time for Canadian companies and supply chains to adjust and find alternatives.

Includes everyday consumer items like: American beer, wine, bourbon, fruits and fruit juices (specific mention of orange juice), vegetables, perfumes, clothing, and shoes.

It also includes major consumer products: household appliances, furniture, and sports equipment.

Canada is also targeting materials like lumber and plastics.

Canada is also exploring non-tariff measures related to critical minerals, energy procurement, and other strategic partnerships.

Talk about collateral damage

Some observers see Trudeau’s move as having done the math on how to respond. According to their observations, it will create food insecurity for Americans, bring car production to a halt, and worsen the current housing crisis in the United States.

The burden of tariffs can profoundly affect both the market and the everyday shopper

TRADE WAR

If a US importing firm chooses to pass the cost of a tariff onto consumers through higher retail prices, it is the American buyer who ultimately suffers the economic consequences.

On the other hand, if the importing firm decides to absorb the cost of the tariff without passing it on to consumers, it bears the economic burden itself, resulting in lower profits than it would have otherwise earned.

The leaders of Canada, Mexico, and China (L-R): Justin Trudeau, Prime Minister of Canada; Claudia Sheinbaum, President of Mexico; and Xi Jinping, President of China.

The day after imposing significant new tariffs on Mexico, Canada, and China

A day after imposing significant new tariffs on Mexico, Canada, and China, President Donald Trump acknowledged something that economists, members of Congress, and even some of his former aides have long been warning: Americans may have to bear the financial burden of these tariffs.

“THIS WILL BE THE GOLDEN AGE OF AMERICA! WILL THERE BE SOME PAIN? YES, MAYBE (AND MAYBE NOT!).”
— Trump posted, in all capital letters, on his Truth Social platform.

The question on everyone's mind is who ultimately bears the economic burden of tariffs.

Theo Edwards for YAME Digital

Please stay updated for ongoing developments. Refresh the article page for the latest information.

Mexico

Mexico's President, Claudia Sheinbaum, said in a post on X that she had also ordered retaliatory tariffs.

People walk along U.S. Route 101 during a protest against arrests and deportations of migrants by U.S. government agencies in Los Angeles, California

"I instruct the economy minister to implement Plan B that we have been working on, which includes tariff and non-tariff measures in defense of Mexico's interests," she wrote.

 
 
 

China

China says it will take retaliatory measures against US President Trump’s new tariffs, saying fentanyl is ‘America’s Problem.’

China's Ministry of Commerce, meanwhile, accused the United States in a statement released Sunday of violating World Trade Organization rules with the tariff.

The ministry said China would file a lawsuit with the WTO against the United States and take "corresponding countermeasures to firmly safeguard its rights and interests."

 
“Next up for Tariffs? The EU!”
— Trumps says US tariffs on imports from the EU will definately happen.

Mr. Trump stated to the BBC late Sunday that tariffs will definitely be imposed on the European Union over US oil and gas imports and could arrive 'pretty soon.' He noted that trade with the UK is ‘out of line,’ but believes a deal can be reached.

European Union warns it will retaliate if US President Trump imposes tariffs,.

 

RELATED

Prof. David Honig of Indiana University—Robert H. McKinney School of Law, wrote:

The Difference in the Negotiating Process: Distributive vs. Integrative Bargaining.

Distributive bargaining involves a competitive negotiation strategy where each party tries to maximize their own gain, often at the other party's expense. This approach is typically used when resources are limited, and the goal is to divide them.

In contrast, integrative bargaining focuses on collaboration between parties to achieve a win-win outcome. This strategy emphasizes mutual interests and aims to find solutions that satisfy both sides, allowing for greater value creation and a more sustainable agreement.

Understanding the distinction between these two bargaining styles is crucial for effective negotiation.

Distributive vs. Integrative Bargaining

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China Reconciliation Talks Between Fatah, Hamas, and Palestinian Factions Sign Reconciliation Agreement

The national factions agreed during their meetings in China to achieve comprehensive Palestinian national unity, including all Palestinian forces and factions within the Palestine Liberation Organization (PLO) framework. They committed to the establishment of an independent Palestinian state with Jerusalem as its capital, following United Nations resolutions, and ensuring the right of return following Resolution 194.

Firas | @FirasPalestine via ‘X,’ formally Twitter

July 23, 2024

The factions have agreed on an ‘interim national reconciliation government’, says the Chinese Foreign Ministry

 
 

Mahmoud al-Aloul, vice chairman of the Central Committee of Fatah (L), China's Foreign Minister Wang Yi (C), and Mousa Abu Marzouk, senior Hamas member, attend an event at the Diaoyutai State Guesthouse in Beijing, July 23 [Pedro Pardo/AFP]

 
Firas | @FirasPalestine on ‘X,’ formally Twitter

China reconciliation talks between Fatah, Hamas, Palestinian factions sign reconciliation agreement.

The national factions agreed during their meetings in China to achieve comprehensive Palestinian national unity, including all Palestinian forces and factions within the framework of the Palestine Liberation Organization (PLO). They committed to the establishment of an independent Palestinian state with Jerusalem as its capital, in accordance with United Nations resolutions, and ensuring the right of return in accordance with Resolution 194.

The participants also agreed on the Palestinian people's right to resist occupation and end it according to international laws and the United Nations Charter. They decided to form a temporary national unity government with the consensus of the Palestinian factions by decree of Palestinian President Mahmoud Abbas based on the Palestinian Basic Law. This government will begin by unifying all Palestinian institutions in the territories of the Palestinian state, initiating the reconstruction of the Gaza Strip, and preparing for general elections under the supervision of the Central Elections Commission as soon as possible, according to the approved election law.

The Palestinian factions meeting in Beijing are:

  • Palestinian National Liberation Movement (Fatah)

  • Islamic Resistance Movement (Hamas)

  • Popular Front for the Liberation of Palestine

  • Democratic Front for the Liberation of Palestine

  • Palestinian Islamic Jihad Movement

  • Palestinian People's Party

  • Palestinian Popular Struggle Front

  • Palestinian National Initiative Movement

  • Popular Front for the Liberation of Palestine - General Command

  • Palestinian Democratic Union (FIDA)

  • Palestinian Liberation Front

  • Arab Liberation Front

  • Arab Palestinian Front

  • Vanguards of the Popular Liberation War (As-Sa'iqa Forces)

The attendees agreed on the following points:

1. Unifying national efforts to confront Zionist aggression and stop the genocide perpetrated by the occupying state and settler gangs supported by the United States of America. They also agreed to resist attempts to displace our people from their homeland, Palestine, and to force the Zionist entity to end its occupation of the Gaza Strip and all other occupied territories, while maintaining the unity of Palestinian lands, including the West Bank, Jerusalem, and the Gaza Strip.

2. The Palestinian factions welcomed the opinion of the International Court of Justice, which affirmed the illegitimacy of the Israeli presence, occupation, and settlements on the land of the State of Palestine and emphasized the need for their removal as soon as possible.

3. Based on the National Reconciliation Agreement signed in Cairo on 4/5/2011 and the Algiers Declaration signed on 12/10/2022, the factions agreed to continue following up on the implementation of agreements to end the division with the assistance of Egypt, Algeria, and friends in the People's Republic of China and the Russian Federation as follows:

a) Commitment to establishing an independent Palestinian state with Jerusalem as its capital, following relevant United Nations resolutions, particularly Resolutions 181 and 2334, and ensuring the right of return following Resolution 194.

b) The right of the Palestinian people to resist occupation and end it following international laws and the United Nations Charter, and the right of people to self-determination and their struggle to achieve it by all available means.

c) Formation of a temporary national unity government with the consensus of the Palestinian factions and by a decision from the President based on the applicable Palestinian Basic Law. This government will exercise its powers and authority over all Palestinian territories, emphasizing the unity of the West Bank, Jerusalem, and the Gaza Strip. It will begin by unifying all Palestinian institutions in the territories of the Palestinian state, initiating the reconstruction of the Gaza Strip, and preparing for general elections under the supervision of the Central Elections Commission as soon as possible, according to the approved election law.

d) Until practical steps are taken to form the new National Council according to the approved election law, and to deepen political partnership in bearing national responsibility and developing the institutions of the Palestine Liberation Organization (PLO), it was confirmed to activate and regularize the unified temporary leadership framework for partnership in political decision-making as agreed upon in the Palestinian National Reconciliation Document signed on May 4, 2011.

4. Resisting and thwarting attempts to displace our people from their homeland, especially from the Gaza Strip or in the West Bank and Jerusalem, and affirming the illegitimacy of settlements and settlement expansion following the decisions of the United Nations Security Council and General Assembly and the opinion of the International Court of Justice.

READ: UN Top Court Says Israeli Occupation of Palestinian Territories is Illegal

5. Working to break the brutal siege on our people in the Gaza Strip and the West Bank and to deliver humanitarian and medical aid without restrictions or conditions.

6. Supporting and endorsing the heroic steadfastness of our struggling people and their valiant resistance in Palestine to overcome the wounds and destruction caused by the criminal aggression, and to rebuild what the occupation destroyed, supporting the families of martyrs and the wounded, and all those who lost their homes, properties, and sources of livelihood.

7. Confronting the occupation's conspiracies and its continuous violations against the Al-Aqsa Mosque and resisting any harm to it and the city of Jerusalem and its Islamic and Christian holy sites.

8. Paying tribute to the martyrs of the Palestinian people and reaffirming full support for the brave prisoners in the occupation's prisons and camps, who are subjected to various forms of torture and repression, and prioritizing all efforts possible to liberate them from the occupation's captivity.

In light of this declaration, the attendees agreed on a collective mechanism to implement all aspects of the declaration and decided to consider the meeting of the general secretaries as a starting point for the urgent work of the joint national teams. It was also decided to set a timeline for implementing this declaration. 

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