President Trump signed executive orders implementing tariffs on goods from Canada, Mexico, and China, prompting all three countries to promise retaliatory measures. Canada and Mexico announced their own tariffs in response, while China said it would file a lawsuit with the World Trade Organization and enact countermeasures. Trump cited fentanyl and undocumented immigrants as reasons for the tariffs, with Canada planning to implement a 25% tariff on $155 billion in U.S. goods and Mexico developing a “Plan B” to defend its interests.
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EU and US agree trade deal, with 15% tariffs for European exports to America
After intense negotiations, the EU and US have reached a trade deal, facilitated by direct discussions between President Trump and EU Commission President Ursula von der Leyen. This agreement, which avoids a potential increase in tariffs, is seen as a victory for both leaders, impacting significant business interests and expected to generate $90 billion in tariff revenue for the US. Want More Context? 🔎
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