President Donald Trump on Monday signed an executive order addressing international trade and indicated that tariffs could soon target Mexico and Canada. He stopped short of implementing new levies on his first day in office. The trade memorandum directs federal agencies to review unfair trade practices and currency policies, particularly with China, Canada, and Mexico. He also established the External Revenue Service to collect duties on imports from tariffed countries. Trump's trade policy has sparked concerns among economists, who warn that protectionist measures could increase production costs and consumer prices amid global inflation recovery efforts.
