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President Trump’s 25% tariffs on Mexico and Canada went into effect after a one-month delay this morning. 

Both countries announced plans to retaliate: Canada will put a 25% levy on around $100 billion of US imports and Mexico will share its next moves on Sunday. 

Trump also slapped another 10% duty on Chinese imports. In response, China will charge an extra 15% for a range of US imports, including chicken, wheat and cotton. An added 10% tariff will be placed on soybeans, seafood and other products. 

China also filed a lawsuit against the US with the World Trade… Read more on Blockworks