The backlash has begun... In response to President Trump's steel tariffs, Canada, Mexico and China are hitting back. Canada imposed a 10 percent tariff on about $12.5 billion worth of U.S. products on Sunday- on the list are chocolate, ketchup, yogurt and a bunch of other food and drinks. China is planning a 25 percent tariff on soybeans and pork. And Mexico's 20 percent pork tariff is set to begin later this week.
EU's tariffs took effect June 22nd with 25 percent duties on motorcycles, boats, whiskey and peanut butter.