President Donald Trump’s 25% tariffs on goods from Mexico and Canada went into effect on Tuesday, along with a doubling of tariffs on some Chinese imports to 20%.
In response, Canada imposed 25% tariffs on nearly $100 billion of imported U.S. goods on Tuesday, including machinery, auto parts, and alcohol, and Ontario is enacting a 25% tariff on its energy export — the province powers 1.5 million homes in Minnesota, New York, and Michigan, per Bloomberg.
China also enacted tariffs on Tuesday — 10% to 15% on U.S. agricultural products and filed a lawsuit against the new tariffs with the World Trade Organization.
Mexico will announce its countermeasures on Sunday.
Canada and
→ Continue reading at Entrepreneur