“ Dumb ”: Canada, Mexico Blast Historical Trump prices, threaten reprisals

The neighbors closest to America, Canada and Mexico, have excrupted President Donald Trump for slapping the historic prices on the goods of their country.

Trump’s broad prices entered into force on Tuesday, as well as increased tasks on the goods of China, a decision which caused rapid Beijing reprisals.

“President Trump continues to demonstrate his commitment to guarantee that American trade policy serves national interest,” said the White House a declaration.

The goods entering the United States from Mexico and Canada will bear a price of 25%, while those in China will be subject to a 10% increase in existing prices, according to the White House.

American prices have been at their highest level since 1943, said the Yale budget laboratory.

On February 27, Trump allegedly alleged that illicit drugs such as fentanyl had continued to enter the United States by Mexico and Canada despite the agreements concluded last month to solve the problem.

Since September, almost all the fentanyl seized by the United States has crossed the southern border with Mexico, according to the American customs and border patrolsor CBP, a federal agency. Less than 1% of fentanyl was seized on the northern border with Canada, CBP noted.

Prime Minister Justin Trudeau brutally criticized the prices, calling them a “stupid” policy that does not make “sense”.

The reason for the prices is based on a false allegation concerning Canada as a major source of drugs entering the United States, Trudeau added.

“It is an example of [Trump] Do not really be able to see what he wants, because even the excuse he gives for these prices today fentanyl is completely false, completely unjustified [and] Completely false, “said Trudeau.

Trudeau also criticized Trump for failing relations with Russian President Vladimir Putin in discussions on the Russian-Ukraine war. “They chose to do it while soothing Putin,” said Trudeau.

In response, Canada stuck a reprisal rate of 25% out of $ 30 billion in goods. Prices on an additional $ 125 billion in products will take effect in 21 days, said Trudeau.

“We will not back down a fight,” added Trudeau, saying that Canadians would punish the United States with their wallets.

“We are going to stop consuming American products,” said Trudeau, pointing to the audience, has highlighted recent sporting events in which Canadians have hooked the American national anthem. “We will continue to huer the anthem of the United States. We do not suffer from the American people – just this unfair policy.”

The Prime Minister of Ontario, Doug Ford, who heads the most populous province in the country, said his government could end a contract with satellite internet service belonging to Elon Musk and extinguish power in the United States

“We will reorganize new markets and new customers,” said Ford.

A few hours after Trudeau’s remarks, Trump promised to impose additional rates in response to Canada’s countermeasures.

“Please explain to Governor Trudeau, Canada, that when he puts a reprisal rate in the United States, our reciprocal rate will immediately increase a similar amount!” Trump said in a post on Social truth.

Meanwhile, Mexican President Claudia Sheinbaum also criticized the prices and announced his intention to impose reprisals.

Sheinbaum reprimanded the remarks made by Trump on Monday alleging that “large quantities of fentanyl” entered the United States from Mexico. Sheinbaum cited CBP data showing that Mexico fentanyl convulsions decreased by 50% between October 2024 and January 2025.

“There is no reason or reason or justification that supports this decision which will affect our people and nations,” said Sheinbaum. “We have said it in different ways: cooperation and coordination, yes; subordination and interventionism, no.”

Sheinbaum said she would speak on the phone with Trump on Thursday, and if no agreement can be concluded, it will announce pricing and non -tariff measures during a rally on Sunday.

China response

A few minutes after the new American prices take effect, China unveiled its initial response on Tuesday by placing additional tariffs of 10% to 15% on imported American products, such as chicken, wheat, soy and beef.

These tasks will also be similar prices imposed during the trade war of the first Trump administration in 2018. Some of these prices are already 25%, although Beijing has issued exemptions following the 2020 “Trade Agreement”.

The new Chinese prices should come into force for the goods sent on Monday, March 10.

Shares falls fall

The actions dropped on Tuesday a few hours after the prices were in force.

The industrial average of Dow Jones fell by almost 800 points, or 1.8%; while the S& P 500 also dropped by 1.8%. The Nasdaq, heavy in technology, fell 1.6%.

The shares of the Target retail giant fell 4.5% at the start of negotiation on Tuesday, following a statement from the company’s profits which cited “pricing uncertainty” as a potential obstacle for the company. The Walmart equity price fell 1% on Tuesday, while Amazon shares dropped by 2%.

Best Buy’s shares fell by more than 13%. The net decline occurred after the CEO of Best Buy told analysts that price increases are “very likely” as a result of prices.

Higher costs for automotive production could also challenge American car manufacturers, many of whom depend on a supply chain closely linked to Mexico and Canada.

Ford’s shares fell 3% on Tuesday, while General Motors fell by more than 4%. Stellantis – The parent company of Jeep and Chrysler – saw actions fall by more than 7%.

United Authorkers, which represents Ford, General Motors and Stellantis workers, applauded prices as a means of preventing car manufacturers from replacing American workers with employees that are not paid abroad.

“Companies have led a non-stop race down by killing good blue collar jobs in America to exploit a poor worker in another country by paying poverty wages,” UAW said in a statement at ABC News.

“Prices are a powerful tool in the toolbox to cancel the injustice of anti-traveler commercial transactions,” added UAW. “We are happy to see an American president to take aggressive measures to put an end to the free trade disaster which dropped like a bomb on the working class.”

Zunaira Zaki and Anne Laurent from ABC News contributed to this report.