Global tariff retaliations begin

Both Mexico and China announced retaliations to new tariffs imposed by U.S. President Donald Trump, according to the Associated Press.

Mexican President Claudia Sheinbaum said Tuesday that Mexico will respond to 25% tariffs imposed by the United States with its own tariffs on U.S. goods. Sheinbaum said she will announce the products Mexico will target on Sunday, perhaps indicating Mexico still hopes to de-escalate the trade war set off by Trump.

China said it will respond to new U.S. tariffs by imposing additional tariffs of up to 15% on imports of key U.S. farm products, including chicken, pork, soy, and beef, and expanding controls on doing business with key U.S. companies.   ...more

RSK: Even though this is indirectly related to real estate, the key word here is China, Mexico and even Canada are imposing "extra" tariffs on our goods....where we had little to none on theirs. So will this drive up construction prices in the long run? I doubt it but one never knows. Lots of opportunities here for US companies.