US President Donald Trump has announced the imposition of tariffs starting Tuesday, with a 25% duty on imports from Canada and Mexico, and 10% on goods from China. These tariffs will remain in place until the US addresses the national emergency regarding fentanyl and illegal immigration, according to a White House fact sheet. While Canadian energy imports will be taxed at a 10% rate, Mexican energy imports will face the full 25% tariff.
The tariffs mark the fulfillment of a promise Trump made after his presidential victory and are likely to provoke retaliatory measures, potentially leading to a trade war. The new duties come at a time when these three countries are the US’s primary trading partners, raising concerns about rising prices and economic disruption.
Officials in Canada and Mexico have expressed strong opposition, with Canada threatening counter-tariffs, and Mexico indicating a similar response. The tariffs, starting at 12:01 AM EST on Tuesday, will not apply to imports already en route prior to the deadline.
