US Imposes Tariffs on Canada, Mexico, and China; Retaliation Follows

The United States has imposed tariffs on imports from Canada, Mexico, and China, effective Tuesday. These tariffs, 25% on Canadian and Mexican products and up to 20% on Chinese goods, are intended to curb the flow of fentanyl into America. President Trump declared the fentanyl crisis a national emergency, invoking the International Emergency Economic Powers Act to justify the tariffs. Canada has retaliated with 25% tariffs on $155 billion of American goods. Prime Minister Trudeau stated tariffs on $30 billion of goods will start immediately, with the remaining $125 billion in 21 days. He warned of increased costs for Americans and potential job losses. China responded by announcing additional tariffs of up to 15% on key US agricultural products, including chicken, pork, soybeans, and beef, effective March 10. They also placed 10 more US companies on its list of unreliable entities, barring them from China-related import/export activities and new investments.