unilad homepage
  • News
    • UK News
    • US News
    • World News
    • Crime
    • Health
    • Money
    • Sport
    • Travel
  • Film and TV
    • Netflix
  • Music
  • Tech
  • Features
  • Celebrity
  • Politics
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • SPORTbible
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Archive
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
TikTok
YouTube
Submit Your Content
Trump administration brings in 'catastrophic' tariffs on Canada, Mexico and China

Home> News> Politics

Published 12:08 1 Feb 2025 GMT

Trump administration brings in 'catastrophic' tariffs on Canada, Mexico and China

The new tariffs on imports come into action today (February 1)

Niamh Shackleton

Niamh Shackleton

google discoverFollow us on Google Discover
Featured Image Credit: Joe Raedle/Getty Images

Topics: Politics, Donald Trump, Money, US News, Mexico, Canada, China, Business

Niamh Shackleton
Niamh Shackleton

Niamh Shackleton is an experienced journalist for UNILAD, specialising in topics including mental health and showbiz, as well as anything Henry Cavill and cat related. She has previously worked for OK! Magazine, Caters and Kennedy.

X

@niamhshackleton

Advert

Advert

Advert

It seems the Trump administration is in no hurry to make friends with America's neighboring countries.

In less than two weeks of being back in office, President Trump has made an influx of amendments to the way the US is run.

From changes to passports and immigration to transgender people no longer being allowed to serve in the armed forces, Trump broke records for the number of executive orders signed on his first day as president.

President Trump's thought to have signed hundreds of executive orders already (Chip Somodevilla/Getty Images)
President Trump's thought to have signed hundreds of executive orders already (Chip Somodevilla/Getty Images)

Advert

Arguably one of his most controversial orders was to have the Gulf of Mexico renamed to the Gulf of America; which Google officially changed on its maps for US users earlier this week.

Now the Trump administration has stuck to its word in regards to its plans to bring in higher tariff imports on countries like China, Canada and Mexico - with the hiked percentages coming into force today (February 1).

For Mexico and Canada, import tariffs are now at 25 percent, while there's 10 percent tariffs on goods from China.

Why has Trump imposed the tariffs?

President Trump had been threatening the tariffs to ensure greater cooperation from the countries on stopping illegal immigration and the smuggling of chemicals used for fentanyl, but he has also pledged to use tariffs to boost domestic manufacturing.

"Starting tomorrow, those tariffs will be in place," White House press secretary Karoline Leavitt told reporters on Friday (January 31).

"These are promises made and promises kept by the president."

Canada, Mexico and China’s response to the tariffs

As you can imagine, the new changes haven't gone down well with Canadian, Mexican and Chinese officials.

Both Canada and Mexico have said they have prepared the option of retaliatory tariffs to be used if necessary.

"We’re ready with a response, a purposeful, forceful but reasonable, immediate response," said Canadian Prime Minister Justin Trudeau ahead of the hiked tariffs coming into force.

Prime Minister Justin Trudeau said that Canada's ready to respond to the change (Attila Husejnow/SOPA Images/LightRocket via Getty Images)
Prime Minister Justin Trudeau said that Canada's ready to respond to the change (Attila Husejnow/SOPA Images/LightRocket via Getty Images)

Elsewhere, Liu Pengyu, spokesman for the Chinese Embassy in Washington, insisted that 'there is no winner in a trade war or tariff war' like the one Trump is starting.

During a press briefing on Friday, Mexican President Claudia Sheinbaum said: "We have Plan A, Plan B, Plan C, depending on what the government of the United States decides. It is very important for the people of Mexico to know that we will always defend the dignity of our people, that we will always defend respect for our sovereignty, and engage in dialogue as equals, as we have always stated, without subordination."

Meanwhile, a study conducted this month by Warwick McKibbin and Marcus Noland, of the Peterson Institute for International Economics, found the 25 percent tariffs on Canada and Mexico and 10 percent tariffs on China 'would damage all the economies involved, including the US'.

"For Mexico, a 25 percent tariff would be catastrophic," the study said.

"Moreover, the economic decline caused by the tariff could increase the incentives for Mexican immigrants to cross the border illegally into the US - directly contradicting another Trump administration priority."

Choose your content:

2 hours ago
3 hours ago
  • Adam Gray/Bloomberg via Getty Images
    2 hours ago

    What Kamala Harris said about running for president in 2028

    Kamala Harris was in New York when she let slip her thoughts on trying to become the next president

    News
  • Getty Stock
    2 hours ago

    Doctor explains what to do if you have 'Pruritus ani' as 61% of men experience issue

    Experiencing 'pruritus ani' can be unpleasant and embarrassing, but plenty of people will experience this common health issue

    News
  • Miguel J. Rodriguez Carrillo / AFP via Getty Images
    3 hours ago

    Jeff Bezos' Amazon salary explained as it's revealed he earns less than an average construction worker

    Bezos has been earning the same salary for decades

    News
  • Jung Yeon-je / AFP via Getty Images
    3 hours ago

    Exactly who is affected by US military draft as automatic registration begins this year

    Millions of young Americans will be automatically registered for the US military draft by the end of the year

    News
  • Trump administration release plans for 250 foot tall 'Arc De Trump' in Washington DC
  • China sends brutal warning to US after Trump set to impose 100% tariffs
  • Trump administration announces China will face extreme new tariffs as a result of ‘retaliatory actions’
  • Trump administration faces setback as Supreme Court make huge call on global tariffs