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.
The Houthi group in Yemen claimed responsibility for a series of missile and drone attacks, targeting Ben Gurion airport in Israel and U.S. warships in the Red Sea.
The European Union views the Palestinian Authority as "best placed to govern Gaza," according to EU foreign policy chief Kaja Kallas, following her meeting with Palestinian Prime Minister Mohammad Mustafa in Ramallah.
U.S. President Donald Trump has indicated that he is prepared to take a more flexible stance on new tariffs for automobiles and other goods than initially expected.
A group of top Trump administration officials reportedly shared sensitive military plans over the encrypted messaging app Signal just hours before the United States launched strikes on Houthi targets in Yemen, sparking a political storm in Washington.
Bank of America (BofA) said the recent volatility in Turkish markets has so far had only a limited inflationary impact, stressing that Türkiye’s economic management remains in control.
The Houthi group in Yemen claimed responsibility for a series of missile and drone attacks, targeting Ben Gurion airport in Israel and U.S. warships in the Red Sea.
The European Union views the Palestinian Authority as "best placed to govern Gaza," according to EU foreign policy chief Kaja Kallas, following her meeting with Palestinian Prime Minister Mohammad Mustafa in Ramallah.
U.S. President Donald Trump has indicated that he is prepared to take a more flexible stance on new tariffs for automobiles and other goods than initially expected.
A group of top Trump administration officials reportedly shared sensitive military plans over the encrypted messaging app Signal just hours before the United States launched strikes on Houthi targets in Yemen, sparking a political storm in Washington.
Bank of America (BofA) said the recent volatility in Turkish markets has so far had only a limited inflationary impact, stressing that Türkiye’s economic management remains in control.
In a groundbreaking study published in Cell on January 18, Chinese researchers have unveiled a novel cancer treatment that ingeniously disguises tumors as pig tissue, triggering the body’s immune system to mount a hyperacute rejection response against the cancer cells.
Sweden’s Prime Minister Ulf Kristersson stated on Thursday that purchasing U.S. weapons does not pose a security risk for his country, but emphasized the need for Europe to reduce its reliance on American defense systems. His comments come amid growing discussions within Europe.
NASA astronauts Butch Wilmore and Suni Williams completed an unexpectedly long 286-day mission on the ISS, returning to Earth aboard a SpaceX capsule after delays caused by technical issues with Boeing’s Starliner.
Russian President Vladimir Putin agreed on Tuesday to a proposal by U.S. President Donald Trump that Russia and Ukraine cease attacking each other's energy infrastructure for 30 days, the Kremlin said following a lengthy phone discussion between the leaders.
Mexican forces have dismantled a massive meth lab in Zacatecas, dealing a blow to a Sinaloa Cartel faction.
The Houthi group in Yemen claimed responsibility for a series of missile and drone attacks, targeting Ben Gurion airport in Israel and U.S. warships in the Red Sea.
The European Union views the Palestinian Authority as "best placed to govern Gaza," according to EU foreign policy chief Kaja Kallas, following her meeting with Palestinian Prime Minister Mohammad Mustafa in Ramallah.
U.S. President Donald Trump has indicated that he is prepared to take a more flexible stance on new tariffs for automobiles and other goods than initially expected.
A group of top Trump administration officials reportedly shared sensitive military plans over the encrypted messaging app Signal just hours before the United States launched strikes on Houthi targets in Yemen, sparking a political storm in Washington.
Bank of America (BofA) said the recent volatility in Turkish markets has so far had only a limited inflationary impact, stressing that Türkiye’s economic management remains in control.
The Houthi group in Yemen claimed responsibility for a series of missile and drone attacks, targeting Ben Gurion airport in Israel and U.S. warships in the Red Sea.
The European Union views the Palestinian Authority as "best placed to govern Gaza," according to EU foreign policy chief Kaja Kallas, following her meeting with Palestinian Prime Minister Mohammad Mustafa in Ramallah.
U.S. President Donald Trump has indicated that he is prepared to take a more flexible stance on new tariffs for automobiles and other goods than initially expected.
A group of top Trump administration officials reportedly shared sensitive military plans over the encrypted messaging app Signal just hours before the United States launched strikes on Houthi targets in Yemen, sparking a political storm in Washington.
Bank of America (BofA) said the recent volatility in Turkish markets has so far had only a limited inflationary impact, stressing that Türkiye’s economic management remains in control.
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