Trump’s Tariffs on Canada, Mexico, China Take Effect, Nations Retaliate

President Donald Trump enacted tariffs on Canada, Mexico, and China on Tuesday, prompting pushback from the countries.

The Details: Canada and Mexico were assessed tariffs of 25%, while duties on some Chinese goods were doubled to 20%. China responded with a 15% tariff on certain U.S. farm products and blacklisted over 20 American companies. Canada will match the United States’ tariff at 25%. Mexico is expected to announce a response Tuesday morning. On Monday, the Dow fell by nearly 650 points as the market prepared for the tariffs.

For Context: Trump said in November he would enact these tariffs until Canada, Mexico, and China helped the U.S. stem the flow of fentanyl and unauthorized migrants into the U.S. Mexico, Canada, and China are the United States’ top three export markets and account for around 40% of U.S. imports. The tariffs placed on Canada include a carve-out where oil imported from Canada will be tariffed at only 10%.

How The Media Covered It: Many outlets from the left and center ran analysis and opinions critical of Trump’s move as the news broke. Outlets from the left and center were also more likely to prominently highlight potential economic downsides. Fox Business (Lean Right) included the detail about the carve-out for oil, which many other outlets did not include.