US President Donald Trump’s new 25% tariffs on imports from Mexico and Canada took effect on March 4. Additionally, tariffs on Chinese goods have been doubled to 20%. Experts warn that these measures could significantly impact the US economy and further exacerbate inflation.
U.S. President Donald Trump’s new 25% tariffs on imports from Mexico and Canada took effect on March 4. Additionally, tariffs on Chinese goods have been doubled to 20%. Experts warn that these measures could significantly impact the US economy and further exacerbate inflation.
The new tariffs could disrupt the annual $2.2 trillion trade flow between the US and its three main trading partners. Trump justified this decision by claiming that these countries had not taken sufficient steps to curb the influx of fentanyl and its precursor chemicals into the US.
A New Challenge for the North American Economy
The tariffs imposed on Mexico and Canada are expected to affect key sectors of the North American economy. Raw materials and components imported from these countries play a crucial role in automobile manufacturing, industrial equipment assembly, energy processing, and agriculture.
According to US economic data released on Monday, factory prices have reached their highest level in three years. Economists warn that the new wave of tariffs could further weaken the manufacturing sector.
Canada and Mexico Respond Strongly
Canadian Prime Minister Justin Trudeau has announced 25% retaliatory tariffs on $30 billion CAD ($20.7 billion USD) worth of US imports. These tariffs will apply to orange juice, peanut butter, wine, spirits, beer, coffee, household appliances, and motorcycles.
Mexican President Claudia Sheinbaum has also reacted strongly to Washington’s decision, stating that Mexico will announce its countermeasures on Sunday in Mexico City’s iconic Zócalo Square.
China Holds Its Ground
Beijing responded immediately by announcing additional tariffs of 10%-15% on certain US imports starting March 10, as well as imposing new export restrictions on specific American companies. Additionally, China has filed a complaint with the World Trade Organization (WTO) against the new US tariffs.
Markets Plunge
Trump’s tariff decision has triggered turmoil in global financial markets. Major US stock indexes dropped sharply, with the Nasdaq entering correction territory. European markets experienced their biggest one-day loss in six months. Automakers, construction companies, and retailers were among the hardest hit.
Some US products have already seen price increases, raising concerns that Trump’s tariffs contradict his campaign promise to lower the cost of living for Americans.
Israel on Friday became the first country to formally recognise Somaliland as an independent state, a move that has been condemned by Somalia, the Ara...
Ukrainian President Volodymyr Zelenskyy said on Friday that Russia is using territory in neighbouring Belarus to support attacks on Ukrainian targets ...
U.S. President Donald Trump on Friday said he ordered a military strike targeting Islamic State (ISIS/Daesh) militants in Nigeria to be delayed by one...
At least eight people were killed and 18 others injured in an explosion at the Imam Ali ibn Abi Talib mosque in the Wadi al-Dhahab neighbourhood of Ho...
Russian attacks on the cities of Kharkiv and Uman on 25–26 December 2025 killed at least two people and injured 14, local authorities reported....
Israel on Friday became the first country to formally recognise Somaliland as an independent state, a move that has been condemned by Somalia, the Arab League, the Gulf Cooperation Council (GCC), and the African Union (AU).
Ukrainian President Volodymyr Zelenskyy said on Friday that Russia is using territory in neighbouring Belarus to support attacks on Ukrainian targets and to circumvent Kyiv’s defensive positions, warning that the practice undermines Belarusian sovereignty.
U.S. President Donald Trump on Friday said he ordered a military strike targeting Islamic State (ISIS/Daesh) militants in Nigeria to be delayed by one day, calling the attack a “Christmas present” to the terror group.
At least eight people were killed and 18 others injured in an explosion at the Imam Ali ibn Abi Talib mosque in the Wadi al-Dhahab neighbourhood of Homs on Friday, Syrian authorities said.
In 2025, Ukraine lived two parallel realities: one of diplomacy filled with staged optimism, and another shaped by a war that showed no sign of letting up.
It’s been a year since an Azerbaijan Airlines plane crashed near Aktau, Kazakhstan, killing 38 people. Relatives and loved ones mourn the victims, as authorities near the final stage of their investigation.
Polish fighter jets on Thursday intercepted a Russian reconnaissance aircraft flying near Poland’s airspace over the Baltic Sea and escorted it away from their area of responsibility.
The United States carried out a strike against Islamic State militants in northwest Nigeria at the request of Nigeria's government, President Donald Trump and the U.S. military said on Thursday.
President Volodymyr Zelenskyy has said he will meet U.S. President Donald Trump on Sunday to discuss territory and security guarantees, as diplomatic efforts intensify to end Russia’s war in Ukraine.
Russia plans to modernise its nuclear triad, strengthen ground forces, and develop a universal air defence system as part of its new State Armament Programme for 2027–2036, the Kremlin announced on Friday.
At least 12 people have been confirmed dead and more than 160 are feared dead after a migrant vessel en route to Spain’s Canary Islands capsized off the coast of Senegal earlier this week.
Three women were injured on Friday after being stabbed by a man on Line 3 of the Paris metro, local authorities reported.
Four members of Syria’s General Directorate of Ports were injured on Friday when their vehicle came under fire east of Aleppo, local authorities reported.
Russia is likely preparing to station its new nuclear-capable Oreshnik hypersonic ballistic missiles at a former airbase in eastern Belarus, a move that could extend Moscow’s strike reach across Europe, according to an exclusive Reuters report.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment