President Donald Trump has confirmed that 25% tariffs on imports from Mexico and Canada will take effect on Tuesday, March 4, 2025. The move follows failed negotiations and is aimed at pressuring both nations on border security and drug enforcement.
Canada and Mexico are expected to retaliate. Canadian Prime Minister Justin Trudeau announced a 25% tariff on U.S. goods worth $155 billion CAD, while Mexico is preparing countermeasures.
The tariffs raise concerns about inflation and economic disruptions, particularly in the auto industry. Experts warn of rising consumer prices and strained North American trade relations.
