Washington, D.C., February 3, 2025 – Former U.S. President Donald Trump plans to meet with Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum to discuss his proposed 25% tariffs on imports from both countries. Trump argues the tariffs will curb illegal immigration and fentanyl trafficking, but Canada and Mexico strongly oppose the move, warning of economic fallout and potential retaliation.
The tariffs, set to take effect on February 1, 2025, could impact key sectors like automobiles, agriculture, and energy, raising prices on imported goods. Trump has suggested possible exemptions, but details remain unclear. With both Canada and Mexico considering countermeasures, global markets are on edge over the looming trade war.
