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Mexico to impose retaliatory tariffs on US following China and Canada as trade war heats up

  • Mexican President Claudia Sheinbaum announced retaliatory tariffs on U.S. Exports following President Donald Trump's tariffs on imports from Mexico and Canada, which took effect on March 4, 2025.
  • Sheinbaum criticized the White House's fact sheet about drug trafficking accusations as offensive and demanded shared responsibility from the U.S. For the opioid crisis affecting American lives.
  • Canada's Prime Minister confirmed that Canada would respond to U.S. Tariffs with its own tariffs starting March 5, 2025, emphasizing the need to protect Canadian jobs and the economy.
  • Trump asserted that the tariffs were necessary to combat drug trafficking and improve trade imbalances.
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Bloomberg Linea broke the news in on Monday, March 3, 2025.
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