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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Russia has called for clarification on whether U.S. President Donald Trump has changed his position on the war in Ukraine following remarks made at the recent G7 summit in Evian-les-Bains.
China’s anti-corruption authorities have launched an investigation into Bian Zhigang, a senior defence and space official, over suspected serious violations of discipline and law, officials said on Wednesday.
A Ukrainian strike has damaged a school building in a Russian-controlled area of Ukraine’s Zaporizhzhia region, according to local authorities cited by the TASS news agency. No injuries were reported in the incident.
Israel's defence minister said on Wednesday Israeli troops will not withdraw from southern Lebanon, highlighting a hurdle to Iran-U.S. peace talks, as the top U.S. diplomat tours the Middle East to win over allies sceptical about a proposed deal.
U.S. President Donald Trump said that Iran had agreed to nuclear inspections into "infinity, despite Tehran's denials, and that unfrozen Iranian assets would be used to buy humanitarian supplies from the United States.
Authorities in France are reporting that about 20 people have died over the weekend while swimming in unsupervised areas of rivers, lakes and coastal waters as they tried to escape the heatwave.
Ebola cases in the Democratic Republic of Congo have surpassed 1,000, with health officials warning that the outbreak is spreading rapidly through displacement camps and across borders.
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Russia has called for clarification on whether U.S. President Donald Trump has changed his position on the war in Ukraine following remarks made at the recent G7 summit in Evian-les-Bains.
The European Union and Taliban officials held talks in Brussels on Tuesday on consular services and the situation of Afghans whose asylum applications have been rejected in Europe.
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Alibaba, one of the world's largest technology and e-commerce companies, has sued the U.S. Pentagon after being added to a blacklist of firms it claims support China's military, escalating a dispute with potentially significant consequences for the company.
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