President Trump’s 25 percent tariffs on Canada and Mexico, along with an increase from 10 to 20 percent on China, have taken effect. These actions have led to a global stock market decline. Canada faces a 10 percent tariff on energy exports to the US, while other exports are subject to the 25 percent tariff. In response, Canada plans to impose 25 percent tariffs on over $100 billion worth of US goods. China has introduced new tariffs of 10 to 15 percent on US agricultural products starting March 10 and blacklisted 15 US companies. Mexico’s President Claudia Sheinbaum will announce retaliatory tariffs and measures on Sunday. These tariffs are expected to increase prices for cars, groceries, consumer technology, and other products, according to industry groups and companies.
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