U.S. President Donald Trump imposed long-discussed tariffs on imports from Canada, Mexico, and China, citing economic and security concerns. The order includes a 25% tariff on Mexican and Canadian imports, a 10% tariff on Chinese goods, and a 10% duty on Canadian energy resources. Trump invoked the International Emergency Economic Powers Act to justify tariffs, citing threats from illegal immigration and fentanyl. Economists argue that tariffs lead to higher consumer prices. The U.S. does about $1.6 trillion in business with the three countries annually.
