US President Donald Trump is poised to impose 25% tariffs on Canadian and Mexican imports, potentially disrupting $1.6 trillion in trade. Trump demands stronger action against illegal immigration and fentanyl trafficking. While the exact implementation remains unclear, the move threatens the established free trade system and could lead to price hikes for consumers and businesses across North America. Canada and Mexico have prepared retaliatory measures, aiming to target products that would harm US consumers more significantly.
FILE PHOTO: U.S. President Donald Trump speaks at an event to sign the Laken Riley Act, legislation requiring the detention of immigrants living in the U.S. illegally who are accused of theft, at the White House, in Washington, U.S. January 29, 2025.
Even immediate imposition would require two to three weeks of public notice before US Customs and Border Protection could begin collections, based on past tariff actions. Two sources familiar with the matter said that Trump was expected to invoke the International Emergency Economic Powers Act as the legal basis for the tariffs, declaring a national emergency over fentanyl overdoses that killed nearly 75,000 Americans in 2023 and illegal immigration.
Economists and business executives have warned that the tariffs would spark major increases in the prices of imports such as aluminum and lumber from Canada, fruits, vegetables, beer and electronics from Mexico and motor vehicles from both countries. Canada's energy and national resources minister, Jonathan Wilkinson, said Canada's response would focus on products that hurt Americans more than Canadians.Global car industry in firing line of Trump's tariff threats vs Mexico, Canada
TRUMP TARIFFS CANADA MEXICO TRADE IMMIGRATION FENTANYL
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