Plus the highest architectural award for Liu Jiakun.
Canada, China retaliate against Trump tariffs
Canada and China yesterday condemned the Trump administration's sweeping tariffs and said they would retaliate against American exports.
President Trump has imposed 25 percent tariffs on imports from Canada and Mexico and 10 percent tariffs on imports from China, in addition to the previous 10 percent. Mexican President Claudia Sheinbaum said that if the U.S. tariffs were still in place Sunday, she would have announced countermeasures, too.
“You're a very smart guy,” Prime Minister Justin Trudeau told Trump. “But this is a very stupid thing to do.”
Trudeau said Canada would retaliate by imposing 25 percent tariffs on $20.5 billion in unspecified U.S. goods. China announced tariffs on U.S. food imports and suspended sales of Chinese goods to 15 U.S. companies. There were calls in Mexico to boycott U.S. companies and products.
Markets are shaken as the announcement triggers a sell-off in global markets.
Trade war looms over Trump's upcoming State of the Union address. We have live updates here.
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