Trump Administration Suggests Tariffs Against Canada and Mexico Could Be Reduced

Warren Buffettlegendary investor

Tariffs are actually — we've had a lot of experience with them — they're an act of war, to some degree,

Buffett said in an interview with CBS News

Lin Jianspokesperson

The fentanyl issue is a flimsy excuse to raise U.S. tariffs on Chinese imports. China has made clear its opposition more than once,

Chinese Foreign Ministry spokesperson Lin Jian told reporters Tuesday, responding to the tariff hike

Tariffs are about making America rich again and making America great again. And it’s happening, and it will happen rather quickly,

he said

If war is what the U.S. wants, be it a tariff war, a trade war or any other type of war, we're ready to fight till the end,

the post said

The U.S. decision leaves us with no choice but to respond to protect Canadian interests,

Theodore said in a post on LinkedIn Tuesday

Everything across the board is impacted,

Spatafore said

They are mortified by what’s happening, and they don’t support what’s going on, and they don’t like how Canada’s being kind of dragged through the mud on this,

said Katie Stokes, co-owner of the shop

My company will feel an immediate, detrimental impact as a result of these tariffs,

Traci Tapani, co-president with her sister of Wyoming Machine, a sheet metal fabricator in Stacy, Minnesota that relies on Canadian aluminum, said in a statement

Things are unfolding so quickly,

Brian Cornell, CEO of discount retailer Target, told reporters Tuesday

This is not just about tariffs. The most unsettling and profound shift that we’re witnessing now is in the relationship between Canada and the US,

Nadjibulla, the vice president of research and strategy at the Asia Pacific Foundation of Canada, told Al Jazeera

The economic impact will be significant on all sides as prices and inflation increase and businesses struggle to plan not just among these tariffs but also with other tariffs set to come,

Ziemba told Al Jazeera, referring to Trump’s promise to impose reciprocal tariffs on all countries that apply levies to US products

It’s very hard to say where this is headed,

Brett House, a professor at Columbia Business School, told Al Jazeera

There will be more tariffs on more countries before we see any rollback, ... The Trump White House moves capriciously and changes its mind” frequently

House said, adding

There is strength in numbers,

House said,

The Prime Minister’s office is now rightly shifting to force,

House said

It’s clear we need to make our own national resilience … and need to make ourselves more capable for trading and working with others across the world,

she said

Trying to exert maximum pressure on China is a miscalculation and a mistake,

revealing a strong stance against American tactics

I think he's going to work something out with them,

Howard Lutnick told Fox Business, ... adding the

There are going to be tariffs, let’s be clear,

Lutnick said

Today's reckless decision by the US administration is forcing Canada and the US toward recessions, job losses and economic disaster,

Canadian Chamber of Commerce CEO Candace Laing said in a statement