Trump Imposes Global Tariffs; Mexico, Canada, EU Respond Trump Imposes Global Tariffs; Mexico, Canada, EU Respond – NTK Network

Trump Imposes Global Tariffs; Mexico, Canada, EU Respond

As the president does combat with China's malevolent trade behavior, Trump turned his fire on Mexico, Canada, and Europe on Thursday.

By NTK Staff | 05.31.2018 @5:00pm
Trump Imposes Global Tariffs; Mexico, Canada, EU Respond

The Trump administration, following through on months of the president’s threats, announced on Thursday that it will impose 25-percent tariffs on steel and 10-percent tariffs on aluminum from Canada, Mexico, and the European Union (EU).

But Mexico and the EU quickly responded, slapping tariffs of their own on American-produced goods:

The European Union (EU) condemned the U.S.’ trade maneuver in similar tones on Thursday. Jean-Claude Juncker, president of the European Commission, said the EU had no choice but to introduce countermeasures.

Mexico, too, said it would impose tariffs in response to the U.S. actions.

The two U.S. trade partners did not specify what American products they would target, but Mexico could hit U.S. food industries, according to CNBC.

Canada announced later in the day that they would respond with “dollar-for-dollar” tariffs on American steel and products.

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