Trade Wars Escalate as Trump Imposes Steep Tariffs on Canada, Mexico, and China

Trade tensions reached a boiling point this week as U.S. President Donald Trump followed through on his campaign promises, signing an executive order imposing steep tariffs on three of America’s largest trading partners: Canada, Mexico, and China. The move, effective as of Tuesday, March 4, levies a 25% tariff on all imports from Canada and Mexico and a 10% tariff on goods from China, with an additional 10% duty slapped on Chinese imports specifically tied to the ongoing fentanyl crisis. The announcement has ignited a firestorm of global economic reactions, with retaliatory measures and strategic shifts already underway.