this post was submitted on 11 Feb 2025
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Author: Al Jazeera
Published on: 11/02/2025 | 00:00:00

AI Summary:
Leaders from Mexico, Canada and the European Union describe the move as reckless and counterproductive. The EU had already called the tariffs “unjustified” and warned they will “trigger firm and proportionate countermeasures” The reactions come a day after Trump signed an executive order announcing the 25-percent tariffs as a “means of reducing imports” Mexican Economy Minister Marcelo Ebrard said the new tariffs were “not justified” while Canadian Prime Minister Justin Trudeau called them “unacceptable” if forced, Canada would respond to the tariffs with retaliation. In Brazil, the industry lobby group Aco Brasil said it was “surprised” by Trump’s tariffs. A 25-percent increase in any product is going to hurt, says an owner of Denver Concrete Vibrator. "We can’t just raise our prices every time the cost goes up for us, so we are losing a lot of money," she says.

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