In a significant trade policy shift, President Donald Trump announced that a 25% tariff on goods imported from Mexico and Canada will take effect on Tuesday. This decision is part of the administration’s ongoing efforts to renegotiate trade agreements and assert a tougher stance on trade with its North American neighbors. Additionally, President Trump revealed plans to double existing tariffs on Chinese goods from 10% to 20%.

The tariffs on Mexico and Canada are expected to impact a wide range of products, potentially leading to increased costs for consumers and businesses that rely on imports. This move has been criticized by some economists who argue that such tariffs could escalate tensions and provoke retaliatory measures from both countries.

President Trump’s announcement comes amid a backdrop of strained trade relations and ongoing negotiations with both Canada and Mexico regarding various trade policies. The tariffs are part of a broader strategy to reshape trade agreements in favor of the United States, reflecting the administration’s “America First” ideology.