Here is when Trump wants to start his 25% tariffs (and got ahead of schedule for Colombia)
Stephanie GauthierThe 25% tariffs imposed by Trump, along with the retaliations that could ensue, risk worsening economic tensions between the United States and its major trading partners, Canada and Mexico.
Implementation
Just a few hours after his presidential inauguration, Donald Trump officially announced the date for implementing his threat to impose tariffs of 25% on his two neighboring and allied countries, Canada and Mexico.
February 1st
These significant trade retaliation measures against Canada and Mexico will take effect on February 1st.
Canada reacted
Canada reacted firmly to President Donald Trump’s announcement of imposing a 25% tariff on Canadian imports.
Ottawa
Ottawa has said it is prepared to take equivalent retaliatory measures if necessary and has promised to respond proportionately to these tariffs.
A Call for Calm
Under the presidency of Claudia Sheinbaum, the Mexican government has called for calm in the face of recent decisions by Donald Trump.
The Threat
Notably the threat from Trump to impose tariffs of 25% on Mexican imports.
On sovereignty
She recalled that such measures had already been implemented during Trump’s previous term and reaffirmed Mexico’s commitment to defending its sovereignty.
Possible Retaliations
The 25% tariffs imposed by Donald Trump, along with possible retaliations, could exacerbate economic tensions between the United States and its trading partners.
Canada, Mexico and... Colombia
This situation particularly threatens relations with Canada and Mexico. However, Trump could not help but already impose a 25% tariff on Colombia after the country refused to allow planes carrying deported migrants from the United States to land on its soil.
A Rise in Costs
These measures are likely to disrupt supply chains and lead to an increase in costs for consumers.
The three economies
They could also provoke trade reprisals, negatively affecting the three closely linked economies.