BEIJING: China announced 15% tariffs on US chicken, wheat, corn, and cotton imports. Additional 10% tariffs hit soybeans, pork, and dairy.
Beijing also added 15 American firms, including drone maker Skydio, to its restricted export list.
This move blocks Chinese companies from supplying dual-use equipment to those US firms.
Chinese officials described their response as “targeted” to pressure Trump supporters’ industries while keeping negotiation options open.
Foreign Ministry spokesperson Lin Jian warned that China would resist US tariff pressures.
Firm Stance
China vowed to fight against trade or tariff wars, calling US actions a “miscalculation and mistake.”
Beijing also stopped lumber imports and suspended soybean export permits for three American companies.
An anti-dumping investigation into certain US fiber optic imports was also launched.
China insists it has taken strong measures to control fentanyl-related substances despite US accusations.
State media emphasized mutual cooperation in drug control, rejecting “finger-pointing and blame-shifting.”
Canada Retaliates
Canada imposed tariffs on C$30 billion ($20.7 billion) of US goods immediately after Trump’s announcement.
Prime Minister Justin Trudeau confirmed further tariffs totaling C$125 billion ($86.2 billion) by March 25.
“Canada will not let this unjustified decision go unanswered,” Trudeau stated firmly.
Ontario Premier Doug Ford threatened to cut off energy supplies to the United States.
Ford said the eastern US relies on Canada’s energy and should “feel the pain” of tariffs.
Economic Impact
Despite Trump’s claims, US importers, not exporters, bear the initial tariff costs.
Businesses usually pass these costs to consumers through price hikes.
In some cases, companies absorb extra costs instead of raising prices.
Trump aims to pressure China, Canada, and Mexico to curb fentanyl trafficking.
US officials accuse Chinese firms of supplying fentanyl precursors to Mexican cartels.
Mexico’s Response
Mexican President Claudia Sheinbaum will announce retaliatory tariffs on Sunday.
She also plans non-tariff measures to counter Trump’s decision.
Sheinbaum is expected to speak with Trump on Thursday regarding trade tensions.
She criticized the US move, stating it harms both foreign and local businesses.
“No one benefits from this decision,” Sheinbaum declared in Mexico City.
Rising Tensions
Trump’s tariffs have sparked economic and diplomatic conflicts across North America and China.
China, Canada, and Mexico aim to push back against what they see as unfair trade policies.
Analysts warn the escalating trade war could harm global markets and supply chains.
While retaliation is underway, negotiations remain a possible path forward.
The coming days will determine how far these nations take their economic fight.
