The general tariffs of President Donald Trump about the imported goods of Mexico and Canada entered into force on Tuesday, along with the increase in tariffs on China’s assets, a measure that caused a rapid retaliation of Beijing.
“President Trump continues to demonstrate his commitment to ensure that US trade policy serves the national interest,” said the White House in A statement.
The goods that enter the United States from Mexico and Canada will carry a 25% tariff, while China’s will be subject to a 10% increase in existing rates, according to the White House.
American tariffs are at their highest level since 1943, said Yale’s budget laboratory.
This combination of photos of archives shows, from the left, the president of the United States, Donald Trump in Palm Beach, Florida, on February 7, 2025, Canadian Prime Minister Justin Trudeau in kyiv, Ukraine, June 10, 2023, the president of China, Xi Jinping, Brasilia, Brazil, November 20, 2024 and the president of Mexico, Claudia Sheinbaum in Mexico In Mexico City, 27, 2024.
AP
Mexican President Claudia Sheinbaum announced plans to impose retaliation tariffs on US assets.
“There is no reason or reason, or justification that supports this decision that will affect our people and our nations,” said Sheinbaum. “We have said it in different ways: cooperation and coordination, yes; subordination and interventionism, no.”
Sheinbaum said he will speak with Trump on Thursday, and if no agreement can be reached, he will announce the measures of rates and non -tariffs in a demonstration on Sunday.
A few minutes after the new US tariffs.
These duties will be aware of the similar rates imposed during the commercial war of the first Trump administration in 2018. Some of those rates are already 25%, although Beijing issued some exemptions as a result of the commercial agreement of 2020 “Phase one”.
An Home Depot worker goes through American wood batteries available for sale in Home Depot on March 3, 2025 in Pasadena, California.
Mario Tama/Getty Images
The new Chinese tariffs will enter into force for the products sent next Monday, March 10.
The Canadian Prime Minister Justin Trudeau, also promised to impose tariffs on US assets if Trump’s tariffs on Canadian goods entered into force.
He said in a statement on Monday that Ottawa would begin with “tariffs on goods of $ 30 billion in products immediately and tariffs on the remaining $ 125 billion in American products in 21 days.”
A commercial truck leads to the Ambassador bridge to Windsor, Ontario, Canada from Detroit, Michigan. USA, March 3, 2025.
Rebecca Cook/Reuters
“Our tariffs will remain in place until the commercial action of the United States is withdrawn, and if US tariffs do not stop, we are in active and continuous discussions with provinces and territories to follow several non -tariff measures,” Trudeau said in the statement.
Merchants work on the floor of the New York Stock Exchange on March 3, 2025 in New York City.
Spencer Platt/Getty Images
Futures of shares for the three main indexes of the United States were close to Tuesday early after the sale of the sale to Monday when Trump announced that their proposed tariff
The announcement sent to the main indices of shares in a plumme, with the S& P suffered its greatest loss since December, closing at 5,849.72 – 104.78 points or 1.76%. The Dow Jones industrial average closed to 43,191.24 more than 649.67 points, or 1.48%, while the technological heavy nasdaq fell 2.64%.
The price of the price of German shares is shown in the Stock Exchange in Frankfurt, Germany, March 4, 2025.
Personal/Reuters
Asian markets mixed on Tuesday. The Shanghai Stock Exchange rose to less than a percentage point, while the Nikkei in Japan fell around 1.2% and the Hang Seng in Hong Kong closed approximately 0.3%.
European markets mainly quoted on Tuesday, with the Dax in Germany decreased around 1.6% and FTSE 100 falling around 0.3% of noon.
American tariffs arrived approximately one month after Trump granted Mexico and Canada a postponement, having reached agreements with the two countries with respect to border security and drug trafficking.
Zunaira Zaki and Anne Laurent of ABC News contributed to this report.
