US President Donald Trump has announced new tariffs on Canada and Mexico. He has also announced an increase in tariffs on China. Meanwhile, Canadian Prime Minister Justin Trudeau has strongly reacted to this decision.

The United States is once again taking a tough stance on trade policy. President Trump has announced new tariffs on Canada and Mexico from Tuesday. He said that tariffs on imports from China will be doubled. In addition, Trump said that a 25 percent tariff will also be imposed on the European Union (EU) as part of the reciprocal tariffs. The reciprocal tariffs will be effective from April 2.

The European Union has reacted strongly against Trump’s tariff announcement. The EU said that a 25 percent tariff will not be accepted under any circumstances. Canadian Prime Minister Justin Trudeau strongly criticized Trump’s decision on Thursday. He said that his country will respond strongly if tariffs are imposed. However, while it does not want to engage in a trade war with its neighbor, Ottawa is ready to take any steps to protect the country’s economy.

Trade experts say the new tariffs could increase the cost of goods imported from Canada and Mexico, especially in the auto industry, and could lead to inflation. If implemented, Trump’s move could create major instability in the global trading system, analysts say.