Trump’s new tariffs on Canada, Mexico, and China took effect Tuesday, sparking a global trade war as Canada, Mexico, and China retaliated with their own duties. The move has rattled markets, raised consumer prices, and fueled recession fears.
Canada imposed 25% tariffs on C$30 billion ($20.7 billion) worth of U.S. goods, targeting orange juice, peanut butter, wine, spirits, coffee, appliances, and motorcycles.
Mexico announced countermeasures, with President Claudia Sheinbaum set to reveal details on Sunday.
China imposed 10%-15% tariffs on select U.S. imports starting March 10 and placed 25 U.S. firms under export restrictions.
Canadian Prime Minister Justin Trudeau condemned the tariffs as "a very dumb thing to do," accusing Trump of attempting to cripple Canada’s economy.
"They’ve chosen to launch a trade war that will, first and foremost, harm American families," Trudeau said.
U.S. stocks plummeted, with the Nasdaq falling into correction territory.
The Canadian dollar and Mexican peso weakened against the U.S. dollar.
The U.S. Federal Reserve Bank of Atlanta revised its GDP forecast downward, now projecting a 2.8% economic contraction in Q1 2025.
The tariffs are already leading to higher consumer prices:
Retailers like Target and Best Buy warned of price increases on groceries, electronics, and imported goods.
Smartphones, laptops, and gaming consoles will be hit with a 20% tariff on Chinese imports.
U.S. farmers face renewed economic pain as China targets U.S. agricultural exports.
Trump justified the tariffs as a response to fentanyl trafficking from Canada, Mexico, and China.
"This country has stuck with them through thick and thin," Trump said, adding that Europe should contribute more.
However, experts warn the tariffs could drive the U.S. into recession, further escalating tensions with global trading partners.
President Ilham Aliyev said Azerbaijan ended 2025 as a year of peace, security and stability, stressing that unity between the people and the governme...
Iranian President Masoud Pezeshkian warned that Tehran’s answer to any aggression will be decisive and “discouraging” and Foreign Minister Abbas...
The United States Embassy in Tashkent has confirmed that the issuance of Diversity Visas (DV) commonly referred to as Green Card visas has been suspen...
Afghanistan is expected to remain one of the world’s largest humanitarian crises in 2026, with nearly half of the population projected to require hu...
The Russian radio station known as 'Doomsday Radio' (or UVB-76) unexpectedly began playing ‘Swan Lake’, music from a ballet composition. The last ...
President Ilham Aliyev said Azerbaijan ended 2025 as a year of peace, security and stability, stressing that unity between the people and the government remained the main factor behind the country’s achievements.
Almost seventeen years ago, in December 2008, I worked with a film crew shooting a documentary on the Armenia and Azerbaijan conflict for Al Jazeera English.
A tragic train collision near Machu Picchu, one of Peru's most iconic tourist destinations, has resulted in the death of a train driver and left at least 40 others injured. The incident occurred on Tuesday, when two trains collided head-on on the railway that leads to the ancient Inca citadel, which
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 31st of December, covering the latest developments you need to know.
The Russian radio station known as 'Doomsday Radio' (or UVB-76) unexpectedly began playing ‘Swan Lake’, music from a ballet composition. The last time this was done was during the deaths of Soviet-era leaders and the 1991 coup.
Protests in Iran over soaring prices and a plunging rial have spread to universities in Tehran, as students join shopkeepers and bazaar merchants in demanding government action. With inflation above 42% and the rial at record lows, unrest continues to grow across the country.
As Russia’s war in Ukraine enters its fourth year, rising casualties, economic struggles, and mounting unrest expose cracks in society. Despite Kremlin propaganda, frustration is growing as more Russians question the government’s narrative, according to The Washington Post.
The head of Yemen’s Presidential Council, Rashad al-Alimi, has ordered all forces linked to the United Arab Emirates to leave Yemen within 24 hours.
European leaders held talks on Ukraine after Russia said it would revise its negotiating position, citing an alleged Ukrainian drone attack that Kyiv has firmly denied.
Iranian President Masoud Pezeshkian warned that Tehran’s answer to any aggression will be decisive and “discouraging” and Foreign Minister Abbas Araghchi urged his counterparts to strongly denounce US President Donald Trump’s recent threat of military strike against Iran.
The United States Embassy in Tashkent has confirmed that the issuance of Diversity Visas (DV) commonly referred to as Green Card visas has been suspended, although applicants may continue to submit applications and attend interviews, according to an official embassy statement.
Afghanistan is expected to remain one of the world’s largest humanitarian crises in 2026, with nearly half of the population projected to require humanitarian assistance, according to a new report published by the United Nations Office for the Coordination of Humanitarian Affairs (OCHA).
The Russian radio station known as 'Doomsday Radio' (or UVB-76) unexpectedly began playing ‘Swan Lake’, music from a ballet composition. The last time this was done was during the deaths of Soviet-era leaders and the 1991 coup.
Türkiye will never tolerate coercion, piracy, or banditry in its maritime “blue homeland,” President Recep Tayyip Erdoğan said on Wednesday.
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