After Donald Trump’s tariffs on Canada and Mexico kicked in this morning, Canadian Prime Minister Justin Trudeau directly addressed the American people today saying “we don’t want this” and “your government has chosen to do this to you,” as he announced retaliatory tariffs on behalf of his country.
Trudeau: I want to speak first directly to the American people… your government has chosen to do this to you. Your government has chosen to put American jobs at risk. They have chosen to raise costs for American consumers on everyday essential items… pic.twitter.com/WQWpBVQxG4
— Acyn (@Acyn) March 4, 2025
“I want to speak first directly to the American people. We don’t want this. We want to work with you as a friend and ally. We don’t want to see you hurt either. But your government has chosen to do this to you. As of this morning, markets are down and inflation is set to rise dramatically.
“Now I want to speak directly to one specific American. Donald, it’s not in my habit to agree with the Wall Street Journal, but Donald, they point out that even though you’re a very smart guy, this is a very dumb thing to do. We two friends fighting is exactly what our opponents around the world want to see.
“You’re talking about working positively with Russia, appeasing Vladimir Putin — a lying, murderous, dictator. Make that make sense. Canadians are reasonable and we are polite. But we will not back down from a fight.”
Mexico’s president has announced she will enact retaliatory tariffs on behalf of her country in the coming days.
President Claudia Sheinbaum announced Tuesday that Mexico will impose retaliatory taxes on U.S. goods. She added that the products that will be targeted will be announced on Sunday in a public event in Mexico City’s central plaza. pic.twitter.com/z28vWGjZm8
— The Associated Press (@AP) March 4, 2025
The Dow Jones is down even further today now that Donald Trump’s tariffs on Canada and Mexico have kicked in. The blue-chip average dropped 670.25 points, or 1.55%, following Monday’s decline of nearly 650 points. The Dow ended the session at 42,520.99. The S&P 500 dropped 1.22% and closed at 5,778.15. The Nasdaq Composite lost 0.35% and finished at 18,285.16.
Stocks and bond yields tumbled after US hit new 25% tariffs on imports from Mexico and Canada, along with a doubling of duties on Chinese goods to 20%. Kathleen Brooks from XTB said the market reaction is over worries about future ‘reciprocal tariffs’ https://t.co/eYzWBVj3d1 pic.twitter.com/xl0hNH14Kb
— Reuters Business (@ReutersBiz) March 4, 2025
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