The introduction of import tariffs was one of the key points in the election program of the current President of the United States, Donald Trump.
Imports from the countries mentioned in Trump's decision are a vital component of the American economy. Approximately 20-25% of the entire oil refining industry in the U.S. relies on oil from Canada. Overall, more than 70% of Canada’s total exports are directed to the United States. About 64% of all fruit and vegetable imports in the U.S. come from Mexico.
The White House did not mention whether any measures would be taken to ensure that the new tariffs do not lead to price increases that could affect end consumers in the U.S.
The current Prime Minister of Canada, Justin Trudeau, stated that his country is prepared to respond to the imposition of tariffs by the U.S. and take countermeasures. He acknowledged that Canada may face "challenging days and weeks" in the near future, but mentioned that the government would provide a "deliberate and strong, yet reasonable" response to the U.S. He described the tariffs as "unnecessary for both the U.S. and Canada."
The President of Mexico, Claudia Sheinbaum, said that the country is ready to discuss tariffs with the U.S. on the basis of equal partnership. "We will always defend the dignity of our people, respect our sovereignty, and engage in dialogue as equals, without submission," she stated. "We will wait, and as I have always said, we will make decisions with a cool head."