Trump’s Tariffs on Canada and Mexico Take Effect

“President Trump’s 25% tariffs on goods from Mexico and Canada took effect first thing Tuesday. Canada responded with plans to rapidly impose 25% tariffs on nearly $100 billion of U.S. imports,” the Wall Street Journal reports.

“The U.S. also introduced an extra 10% tariff on Chinese imports overnight, adding to a 10% levy imposed a month ago, and other existing duties. China swiftly announced retaliatory tariffs on U.S. food and farm goods, and other measures against American companies. Beijing also filed a lawsuit with the World Trade Organization challenging the new tariffs.”

Aaron Blake: Trump is walking into danger on his tariffs.