• bitcoinBitcoin (BTC) $ 83,768.00 0.06%
  • ethereumEthereum (ETH) $ 1,907.10 0.83%
  • tetherTether (USDT) $ 1.00 0.01%
  • xrpXRP (XRP) $ 2.35 2.45%
  • bnbBNB (BNB) $ 599.15 0.54%
  • solanaSolana (SOL) $ 133.14 0.04%
  • usd-coinUSDC (USDC) $ 0.999890 0%
  • cardanoCardano (ADA) $ 0.725911 1.8%
  • dogecoinDogecoin (DOGE) $ 0.171488 1.31%
  • tronTRON (TRX) $ 0.216514 2.06%
  • bitcoinBitcoin (BTC) $ 83,768.00 0.06%
  • ethereumEthereum (ETH) $ 1,907.10 0.83%
  • tetherTether (USDT) $ 1.00 0.01%
  • xrpXRP (XRP) $ 2.35 2.45%
  • bnbBNB (BNB) $ 599.15 0.54%
  • solanaSolana (SOL) $ 133.14 0.04%
  • usd-coinUSDC (USDC) $ 0.999890 0%
  • cardanoCardano (ADA) $ 0.725911 1.8%
  • dogecoinDogecoin (DOGE) $ 0.171488 1.31%
  • tronTRON (TRX) $ 0.216514 2.06%
  • bitcoinBitcoin (BTC) $ 83,768.00 0.06%
  • ethereumEthereum (ETH) $ 1,907.10 0.83%
  • tetherTether (USDT) $ 1.00 0.01%
  • xrpXRP (XRP) $ 2.35 2.45%
  • bnbBNB (BNB) $ 599.15 0.54%
  • solanaSolana (SOL) $ 133.14 0.04%
  • usd-coinUSDC (USDC) $ 0.999890 0%
  • cardanoCardano (ADA) $ 0.725911 1.8%
  • dogecoinDogecoin (DOGE) $ 0.171488 1.31%
  • tronTRON (TRX) $ 0.216514 2.06%
  • bitcoinBitcoin (BTC) $ 83,768.00 0.06%
  • ethereumEthereum (ETH) $ 1,907.10 0.83%
  • tetherTether (USDT) $ 1.00 0.01%
  • xrpXRP (XRP) $ 2.35 2.45%
  • bnbBNB (BNB) $ 599.15 0.54%
  • solanaSolana (SOL) $ 133.14 0.04%
  • usd-coinUSDC (USDC) $ 0.999890 0%
  • cardanoCardano (ADA) $ 0.725911 1.8%
  • dogecoinDogecoin (DOGE) $ 0.171488 1.31%
  • tronTRON (TRX) $ 0.216514 2.06%
image-alt-1BTC Dominance: 58.93%
image-alt-2 ETH Dominance: 12.89%
image-alt-3 BTC/ETH Ratio: 26.62%
image-alt-4 Total Market Cap 24h: $2.51T
image-alt-5Volume 24h: $144.96B
image-alt-6 ETH Gas Price: 0.73 Gwei

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Trump tariffs on Canada and Mexico

Trump Imposes 25% Tariffs on Canada and Mexico, Sparks Trade Tensions

Amira Khalil Amira Khalil

Trump Tariffs on Canada and Mexico: 25% Import Duties Begin March 4

President Donald Trump has announced that the United States will impose 25% tariffs on imports from Canada and Mexico starting Tuesday, March 4, 2025. The decision marks a major shift in U.S. trade policy, with significant economic implications for North America.

A New Phase in U.S. Trade Policy

The tariffs represent a substantial increase in trade duties, signaling a more protectionist approach under Trump’s leadership. According to the President, the move is aimed at protecting American industries and ensuring fair trade practices. He emphasized that the U.S. has been at a disadvantage in past trade agreements and that these tariffs are necessary to correct imbalances.

The announcement has already sparked strong reactions from both Canada and Mexico. Canadian Prime Minister Justin Trudeau called the tariffs “unjustified and harmful,” while Mexican officials warned of potential retaliatory measures.

During his remarks, President Trump also addressed U.S. foreign policy, particularly regarding Ukraine. He stated, “I just think Zelensky should be more appreciative because this country has stuck with them through thick and thin. We’ve given them much more than Europe. I want all of those young people to stop being killed.” This comment highlights Trump’s stance on continued U.S. support for Ukraine amid ongoing geopolitical tensions.


Economic Impact on North America

With a 25% tariff on imports, businesses across various sectors—especially automotive, agriculture, and manufacturing—are expected to feel the strain. Canada and Mexico are two of the largest trading partners of the United States. The new tariffs could disrupt supply chains and drive up costs for consumers.

Economists predict that American consumers will see price increases on many goods, particularly automobiles and raw materials sourced from North America. Small and medium-sized businesses that rely on cross-border trade may face significant challenges in maintaining competitive pricing.

ANOTHER MUST-READ: Trump Crypto Reserve: A Bold Move for Digital Assets in the U.S.

Industry and Political Reactions

The business community has largely opposed the tariffs, with the U.S. Chamber of Commerce warning that such trade restrictions could hurt American jobs rather than protect them. Many corporations that rely on Canadian and Mexican imports are now considering alternative sourcing options or price adjustments.

On the political front, the announcement has deepened divisions. Critics argue that raising tariffs on key allies could weaken diplomatic ties and trigger economic retaliation. Supporters, however, believe the policy is a strong stance against unfair trade practices and could lead to better trade deals in the future.

What Comes Next?

While Trump remains firm on the tariff implementation, trade negotiators from Canada and Mexico are expected to push for diplomatic resolutions. There is speculation that retaliatory tariffs from these countries could be announced in the coming days.

With global markets closely watching these developments, investors and businesses will need to prepare for potential volatility. As the March 4 deadline approaches, all eyes will be on the economic effects of Trump tariffs on Canada and Mexico and the response from international trade partners.

Why is President Trump imposing 25% tariffs on Canada and Mexico?

President Trump has justified the tariffs as a move to protect American industries and ensure fair trade. He argues that past trade agreements have put the U.S. at a disadvantage and that these tariffs will help correct imbalances. The goal is to encourage more domestic production and reduce dependence on imports, particularly in key sectors like automotive, agriculture, and manufacturing.

How will these tariffs affect American consumers and businesses?

The tariffs are expected to increase prices on many goods imported from Canada and Mexico. Industries that rely on cross-border trade, such as the auto sector, could face higher production costs, which may be passed down to consumers. Small and medium-sized businesses that depend on imported raw materials or products could struggle to maintain competitive pricing, leading to potential layoffs or reduced business growth.

How have Canada and Mexico responded to the tariffs?

Both Canada and Mexico have strongly opposed the tariffs, calling them harmful to North American trade relations. Canadian Prime Minister Justin Trudeau has criticized the move as unfair, while Mexican officials have warned of possible retaliatory tariffs on U.S. goods. The situation could escalate into a trade dispute if diplomatic negotiations fail to resolve tensions.

What are the possible long-term effects of these tariffs?

If the tariffs remain in place for an extended period, they could disrupt North American supply chains, drive inflation, and impact economic growth. Some companies may look for alternative suppliers outside North America, while others might shift production back to the U.S. However, retaliatory tariffs from Canada and Mexico could hurt U.S. exports, leading to further economic challenges. The situation will depend on whether trade negotiations lead to a resolution or an extended trade conflict.

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