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.
Saudi Arabia’s air defences have intercepted and destroyed a hostile drone over the Riyadh region, according to the Saudi-led coalition fight...
Police were deployed across Paris on Saturday, as a curfew was set to take effect in the Republique and Chât...
A drone strike hit a power station in northern Sudan early Sunday (1 November), sparking a fire and triggering loud explosions, witnesses said....
The U.S. has approved the sale of 500 Patriot PAC-3 missiles to Ukraine in a deal worth an estimated $2.1 billion, but Kyiv could face years of delays before receiving the weapons it urgently needs to defend against intensifying Russian attacks.
Iranian Supreme Leader Ayatollah Khamenei has ordered Iran's armed forces to respond to any threat immediately and without geographical limits in statements posted to social media platforms on Saturday (31 October).
Demonstrators carrying Iranian flags and placards supporting the hijab gathered outside the Azerbaijani Embassy in London.
A Chinese-made AI chip has matched Nvidia’s H200 in tests conducted by its developer, marking a potential breakthrough in China’s efforts to reduce its dependence on foreign technology.
A hacking group linked to North Korea is widely believed to be behind the theft of $6.3 billion from cryptocurrency giant Binance, a cyberattack that experts describe as the largest cryptocurrency heist on record.
Police were deployed across Paris on Saturday, as a curfew was set to take effect in the Republique and Châtelet-Les Halles areas from 11pm Saturday until 6am Sunday (1 November).
A drone strike hit a power station in northern Sudan early Sunday (1 November), sparking a fire and triggering loud explosions, witnesses said.
Gen Z protests swept 34 German cities on Saturday (31 October) over education and living costs. Violence erupted in Frankfurt, where shops were looted and police reported Molotov cocktail attacks.
Iran designated Britain's Royal Navy and Royal Air Force as terrorist organisations on Sunday, (1 November), and classified the country's foreign intelligence agency, MI6, as a hostile group, according to a statement from the Iranian Foreign Ministry.
Thousands protested in Albania's capital, Tirana, on Saturday (31 October), demanding Prime Minister Edi Rama's resignation over perceived corruption allegations and dissatisfaction with the government over a lack of jobs and poor education standards.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment