Trump’s New Tariffs on Canada, Mexico, and China: Trade Tensions Escalate

Collitcomedia05 Mar, 2025News

President Donald Trump has officially imposed new tariffs on imports from Canada, Mexico, and China, marking a significant escalation in global trade tensions. These new measures, effective immediately, apply a 25% tariff on all goods from Canada and Mexico, with an exception for Canadian oil and energy exports, which will be taxed at a lower rate of 10%. Additionally, the existing tariffs on Chinese goods have been raised from 10% to 20%, further straining U.S.-China economic relations.