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President Donald Trump has imposed 25% tariffs on most Canadian and Mexican imports and raised the charge on China to 20%, affecting roughly $1.5 trillion in annual imports.
Canada and China have retaliated with their own tariffs, with Canada imposing phased levies on $107 billion worth of US goods and China imposing tariffs of up to 15% on American agricultural shipments.
The tariffs are expected to have significant economic impacts, including increased costs for US households and slower economic growth, and may lead to further retaliatory measures from other countries.
