U.S. President Donald Trump has imposed a 25% tariff on imports from Canada and Mexico and an additional 10% tariff on Chinese goods, citing national security concerns. He announced the decision on his Truth Social account, stating that the move aligns with his campaign promises to protect American jobs and curb illegal immigration and drug trafficking.
The announcement has sparked international backlash, with Canadian Prime Minister Justin Trudeau warning of potential retaliatory tariffs on U.S. goods. Trudeau stated that while Canada did not seek a trade dispute, it is “prepared to respond accordingly.” Discussions with Mexican President Sheinbaum are also underway as North American trade tensions escalate.
Trump defended his decision, invoking the International Emergency Economic Powers Act (IEEPA), arguing that “illegals and deadly drugs, including fentanyl, are a major threat to American lives.” With new tariffs set to take effect on February 4, global markets are bracing for potential disruptions in trade and diplomatic relations.