Trump Imposes Tariffs on Canada, Mexico, and China, Signals Willingness to Negotiate

The U.S. president plans to discuss trade policies with Canadian and Mexican leaders after announcing sweeping tariff increases set to take effect Tuesday.

Donald Trump has imposed 25% tariffs on all goods from Canada and Mexico, excluding Canadian hydrocarbons taxed at 10%, and added 10% tariffs on additional Chinese imports.
The tariffs, which take effect Tuesday, target over $1.4 trillion in imports from the U.S.'s top trade partners, significantly expanding duties compared to Trump's first term.
Canadian Prime Minister Justin Trudeau announced retaliatory tariffs of 25% on U.S. goods valued at 155 billion Canadian dollars, starting with an initial tranche of $30 billion on Tuesday.
Trump acknowledged for the first time that American consumers and businesses might face economic challenges from the tariffs but framed them as necessary for restoring U.S. economic strength.
Canada, Mexico, and China have signaled plans to challenge the tariffs through legal mechanisms, including the WTO and trade agreements, while Mexico has also hinted at retaliatory measures.