Mexico to Announce Retaliatory Tariffs Against U.S. Trade Policies

President Donald Trump has implemented 25% tariffs on goods imported from Canada and Mexico, sparking immediate backlash from both countries. Mexican President Claudia Sheinbaum criticized the tariffs as unjustified and announced that her government will respond with retaliatory measures, which she plans to reveal at a public event. Canada, led by Prime Minister Justin Trudeau, has also announced it will impose 25% tariffs on $155 billion worth of U.S. goods in response to the tariffs, with some measures starting immediately. Economists warn that these aggressive tariffs could lead to global economic instability and inflation, contributing to a sell-off in U.S. stock markets. Additionally, Trump has doubled tariffs on Chinese imports from 10% to 20%, further escalating tensions in international trade. The situation remains fluid as all parties prepare for potential escalations in trade conflicts.