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President Trump’s 25% tariffs on Canadian and Mexican goods took effect Tuesday after he declared “no room left” for negotiations. These tariffs apply to all imports except energy products (oil and natural gas), which face a lower 10% rate. Trump stated clearly that companies must move manufacturing to the United States to avoid these tariffs, telling them to “build their car plants, frankly, and other things, in the United States.”
U.S. markets reacted negatively, with stocks falling Monday after Trump confirmed the tariffs would proceed. At the same time, he increased pressure on China with an additional 10% in tariffs, beyond the 10% already imposed in February and earlier duties. China has announced it will take countermeasures.
The tariffs were implemented despite recent diplomatic efforts. Canadian officials met last week with U.S. border czar Tom Homan and congressional members to address fentanyl smuggling and migration concerns. However, Canadian Immigration Minister Marc Miller described Trump’s demands as “a moving target.” Trump appears to be using the International Emergency Economic Powers Act, which gives presidents broad authority when declaring national emergencies.
