U.S. President Donald Trump has imposed 25% tariffs on imports from Mexico and Canada and 20% on Chinese goods, effective March 4. In retaliation, China will impose 10%-15% tariffs on certain U.S. imports from March 10. Canada and Mexico, long-time tariff-free trade partners, now face disruptions in a $2.2 trillion trade relationship. Trump justified the move, citing insufficient efforts to curb fentanyl trafficking. Canadian PM Justin Trudeau announced reciprocal tariffs in response. The escalating trade tensions could significantly impact global markets and supply chains.
first published: Mar 4, 2025 08:24 pm
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