Both Mexico and China announced retaliations to new tariffs imposed by U.S. President Donald Trump, according to the Associated Press.
Mexican President Claudia Sheinbaum said Tuesday that Mexico will respond to 25% tariffs imposed by the United States with its own tariffs on U.S. goods. Sheinbaum said she will announce the products Mexico will target on Sunday, perhaps indicating Mexico still hopes to de-escalate the trade war set off by Trump.
China said it will respond to new U.S. tariffs by imposing additional tariffs of up to 15% on imports of key U.S. farm products, including chicken, pork, soy, and beef, and expanding controls on doing business with key U.S. companies.
The tariffs announced by the Commerce Ministry will take effect from March 10, though goods already in transit will be exempt until April 12. They follow U.S. President Donald Trump’s order to raise tariffs on imports of Chinese products to 20% across the board. Those took effect on Tuesday, along with the 25% tariffs on imports from Canada and Mexico.
China is a major importer of American farm products. Purchases dipped after Trump launched a trade war during his first term and then recovered. Now, imports of U.S.-grown chicken, wheat, corn, and cotton will face an extra 15% tariff, the Chinese ministry said. Tariffs on sorghum, soybeans, pork, beef, seafood, fruit, vegetables, and dairy products will be increased by 10%.
