Trump and Trudeau Discuss Tariffs, Mexico Next on Call List/ Newslooks/ WASHINGTON/ J. Mansour/ Morning Edition/ With tariffs set to take effect Tuesday, President Donald Trump spoke with Canadian Prime Minister Justin Trudeau on Monday morning and plans another call at 3:00 PM. Trump also expects to speak with Mexico’s president, as both countries prepare retaliatory tariffs. Markets remain uncertain, with fears of inflation and trade disruptions.
Trump & Trudeau Discuss Tariffs: Quick Looks
- Trump and Trudeau spoke Monday morning, with another call scheduled for the afternoon.
- Trump also plans to talk with Mexico’s president, as tariffs take effect Tuesday.
- Canada & Mexico are imposing retaliatory tariffs on U.S. goods.
- Trump demands more action on illegal immigration & fentanyl smuggling.
- Stock markets brace for volatility, as investors hope tariffs will be short-lived.
- Canada faces a 25% tariff, plus 10% on energy exports to the U.S.
- Mexico hit with a 25% tariff, while China faces a 10% import tax.
Trump and Trudeau Discuss Tariffs, Mexico Next on Call List
Trump, Trudeau Talk Trade as Tariffs Take Effect
Tariffs Deadline Approaches—More Talks Planned
With Trump’s new tariffs on Canada, Mexico, and China set to begin Tuesday, the president confirmed he spoke with Canadian Prime Minister Justin Trudeau Monday morning and will speak again in the afternoon.
Trump is also set to call Mexico’s president, as both countries prepare retaliatory measures.
Trump’s Demands: Immigration, Drugs & Trade Imbalances
Trump repeated his complaints that Canada and Mexico aren’t doing enough on:
- Illegal immigration into the U.S.
- Fentanyl smuggling from Mexico & Canada.
- Trade imbalances with the U.S.
“Canada doesn’t even allow U.S. banks to do business there. What’s that all about?” Trump posted on Truth Social.
Trump linked the tariffs to national security, saying they would be lifted only if Canada and Mexico take stronger action against illegal border crossings and drug trafficking.
Markets & Businesses Brace for Impact
- Wall Street opened lower Monday, with fears that tariffs could increase inflation.
- Businesses warn of higher costs, especially in industries reliant on Canadian and Mexican imports.
- Global trade could slow, as China, Canada, and Mexico retaliate.
Breakdown of Trump’s New Tariffs
- Canada: 25% tariff on all imports, plus 10% tax on energy exports.
- Mexico: 25% tariff on all imports.
- China: 10% tariff, due to its role in fentanyl production & trade practices.
What’s Next?
- Will last-minute talks prevent full-scale trade retaliation?
- How will the markets respond once tariffs take effect?
- Will Canada, Mexico, and China escalate countermeasures?
As the Tuesday deadline nears, the world watches to see if these tariff battles will be temporary or long-term economic conflicts.
You must Register or Login to post a comment.