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Canada will retaliate with 25% tariffs on billions worth of U.S. goods as Trump’s tariff deadline passes

  • China imposed 10-15% tariffs on U.S. Agricultural imports, including chicken and pork, starting March 10, in response to U.S. Tariffs on Chinese goods.
  • Prime Minister Justin Trudeau stated that Canada will implement 25% tariffs on over $20 billion worth of U.S. Imports as retaliation.
  • U.S. Stock markets fell sharply amid escalating trade tensions, with the S&P 500 dropping 1.8% and Nasdaq decreasing 2.6%.
  • Trump emphasized that there would be no negotiation room left for Canada or Mexico regarding the tariffs, which aim to address issues of fentanyl trafficking.
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npr broke the news in Washington, United States on Monday, March 3, 2025.
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