Trump Enforces New Tariffs on Canada, Mexico, and China, Escalating Trade Tensions

The U.S. imposes 25% tariffs on Canadian and Mexican imports and doubles tariffs on Chinese goods, raising concerns of a global economic impact.

U.S. President Donald Trump has enacted 25% tariffs on imports from Canada and Mexico, with new measures taking effect at midnight local time.
Tariffs on goods from China, previously set at 10%, have been doubled to 20%, marking a significant escalation in trade policies.
Trump cites concerns over drug trafficking, illegal migration, and fentanyl smuggling as justification for the tariffs, invoking emergency powers under the IEEPA.
Canada and China have announced retaliatory measures, including Canadian tariffs on U.S. goods and potential Chinese tariffs on American agricultural products.
Economists warn of potential disruptions to global supply chains, increased consumer prices, and heightened inflation as trade conflicts deepen.