U.S. President Donald Trump has ordered new tariffs on Canada, Mexico, and China, citing a national emergency over fentanyl trafficking and illegal immigration. The move, set to take effect on Tuesday, is expected to strain trade relations and disrupt key industries.
Trump’s executive orders impose 25% tariffs on Canadian and Mexican imports and 10% duties on Chinese goods. Canadian oil will face a 10% tariff, while Mexican energy imports will be taxed at the full 25% rate. The auto industry is expected to be among the hardest hit, as tariffs disrupt North American supply chains.
The White House stated that the tariffs would remain “until the crisis is resolved” but provided no specifics on what actions the affected countries must take.
Canada and Mexico Vow Retaliation
The announcement was met with immediate backlash from Canada and Mexico, both of which have vowed to respond.
Ontario Premier Doug Ford supported a "strong and forceful response," while Nova Scotia officials ordered U.S. alcohol removed from store shelves. Mexico’s Economy Ministry is also preparing countermeasures.
Trump’s move follows through on longstanding threats made during the 2024 campaign. However, economists warn that the tariffs could shrink U.S. growth by 1.5 percentage points, push Canada and Mexico into recession, and cause stagflation—a combination of slowing economic growth and rising inflation.
Markets React, Trump Defends Move
Financial markets reacted sharply, with the Mexican peso and Canadian dollar weakening and U.S. stock prices falling.
Despite concerns, Trump defended the tariffs, saying they were necessary to pressure China, Mexico, and Canada to take stronger action on fentanyl trafficking and border security.
The White House confirmed that no exemptions would be granted, and Trump may escalate duties further if Canada, Mexico, or China retaliate.
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Tensions between the U.S. and Iran are escalating, with Washington ordering a significant military build-up in the region and multiple countries evacuating diplomatic staff amid fears of further instability.
Speaking during a closed-door deposition in New York on Thursday (February), former U.S. Secretary of State Hillary Clinton said she did not “recall” ever meeting the late sex offender Jeffrey Epstein and had “no knowledge of his crimes”.
Pakistan’s declaration of an “open war” with Afghanistan must be understood in the context of months of escalating violence, regional analysts have said, describing the latest developments as a significant shift in the nature of the conflict.
Iran’s Foreign Minister Abbas Araghchi on Friday urged Afghanistan and Pakistan to resolve their differences through dialogue, offering Tehran’s assistance to facilitate understanding between its eastern neighbours.
Tensions between the U.S. and Iran are escalating, with Washington ordering a significant military build-up in the region and multiple countries evacuating diplomatic staff amid fears of further instability.
The situation in Cuba was heating up and called for restraint following a deadly incident involving a Florida-registered speedboat off the coast of the Caribbean island, the Kremlin said on Thursday (26 February).
Russian President Vladimir Putin’s special envoy, Kirill Dmitriev, arrived in Geneva and may hold talks with U.S. officials, according to the RIA news agency.
Ankara has rejected media reports claiming it plans to deploy military forces into Iranian territory in the event of a U.S. attack on the Islamic republic.
Israel has launched a pre-emptive missile strike against Iran, the Defence Minister said on Saturday, as the military sounded air raid sirens to prepare the public for possible retaliation.
Cuba has released extensive details of a deadly midweek shootout at sea, showing rifles, pistols and nearly 13,000 rounds of ammunition that it says were carried by a group of exiles who attempted to enter the island by speedboat.
Afghanistan’s Taliban rulers said on Friday (27 February) they were ready to negotiate after Pakistan bombed their forces in several Afghan cities, including Kabul and Kandahar, and Islamabad declared the neighbours were now in "open war".
Tensions between the U.S. and Iran are escalating, with Washington ordering a significant military build-up in the region and multiple countries evacuating diplomatic staff amid fears of further instability.
Two people were killed and around 40 injured when a tram derailed in central Milan on Friday (27 February), a spokesperson for the local fire service said.
Colombia’s commerce minister, Diana Marcela Morales, has said she will propose raising tariffs on certain Ecuadorian goods from 30% to 50%, as a trade dispute between the neighbouring countries intensifies.
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