Trump Imposes New Tariffs on Canada, Mexico, and China – Live Updates
Get the latest updates on Trump’s new tariffs targeting Canada, Mexico, and China. Follow the live coverage of reactions, retaliations, and economic impact.
U.S. President Donald Trump has Imposed a series of new tariffs on three key trading partners: Canada, Mexico, and China. The announcement comes in response to what Trump describes as a "major threat" from illegal immigration and drugs. The tariffs include a 25% levy on imports from Canada and Mexico and a 10% tariff on goods from China.
Canada wasted no time in responding. Outgoing Prime Minister Justin Trudeau confirmed that Canada will impose retaliatory tariffs on $155 billion worth of U.S. goods, matching Trump’s 25% rate.
Mexico’s President Claudia Sheinbaum followed suit, announcing that her country would retaliate with similar tariffs in response to Trump’s actions.
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China also expressed its intent to take “corresponding countermeasures,” signaling that the dispute could extend beyond the U.S.'s immediate neighbors. The tariffs risk undermining decades of trade relationships and could spark significant economic repercussions.
The White House stated that the tariffs will remain in effect "until the crisis is alleviated," but did not provide specific details on what actions would lead to an exemption. Officials also confirmed that no exclusions would be granted from the tariffs, and any retaliatory measures by Canada, Mexico, or China could lead to increased duties from the U.S.
Follow our live updates for more.
Key Moments
- Trump slaps 25% tariffs on Canada, Mexico, and 10% on China.
- Canada retaliates with 25% tariffs on $155B in U.S. goods.
- Mexico announces counter-tariffs on U.S. imports.
- China vows to implement retaliatory tariffs.
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02 Feb 2025 01:39 AM
Details of the Tariffs on China, Mexico, and CanadaPresident Donald Trump has enacted tariffs of 25% on imports from Canada and Mexico, and 10% on goods from China, citing concerns over illegal immigration and drug trafficking as key factors for his decision.
Tariffs are essentially taxes collected by U.S. Customs and Border Protection, based on a percentage of the price paid by American buyers to foreign sellers. These fees are enforced at 328 entry points across the country.
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02 Feb 2025 01:39 AM
Price Increases Expected on These Products Due to New Tariffs
As a result of President Donald Trump’s tariffs on China, Canada, and Mexico, U.S. consumers may face higher prices on a variety of goods, including fruits, vegetables, meat, gasoline, cars, electronics, and alcoholic beverages like beer and spirits.
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02 Feb 2025 01:38 AM
U.S. Businesses Prepare for Impact of New Tariffs
With President Donald Trump’s tariffs now in effect on Canada, Mexico, and China, U.S. businesses, from ice cream parlors to medical supply firms and T-shirt vendors, are bracing for increased costs. The Budget Lab at Yale University estimates that the tariffs could reduce the average American household's purchasing power by $1,000 to $1,200 annually.
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02 Feb 2025 01:37 AM
Reason Behind Trump’s Tariffs on Canada, Mexico, and China
According to the White House, President Donald Trump imposed tariffs as a "bold action" to hold Mexico, Canada, and China responsible for their failure to stop illegal immigration and prevent dangerous drugs, including fentanyl, from entering the U.S.
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02 Feb 2025 01:36 AM
Canadian Hockey Fans Protest U.S. Tariffs by Booing National Anthem
At an Ottawa Senators game on Saturday, Canadian hockey fans expressed their anger by booing the U.S. national anthem. The protest occurred shortly after former President Donald Trump’s new tariffs on Canada took effect, fueling frustration among Canadians.
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02 Feb 2025 01:36 AM
Trump’s Tariffs Could Drive Up Gas Prices in the U.S.
President Trump’s tariffs on Canadian and Mexican imports may disrupt North America’s interconnected oil market, potentially leading to higher gas prices for American consumers. Analysts from Goldman Sachs warn that Canadian oil tariffs could cause short-term gas price increases, particularly in the U.S. Midwest.
