President Trump announced he will speak with Canadian Prime Minister Justin Trudeau and Mexican leadership Monday morning following his decision to impose new tariffs on both countries. The tariffs include a 25% levy on Canadian and Mexican imports and a 10% tariff on Chinese goods.
Trump emphasized that lifting the tariffs would require Canada and Mexico to address trade imbalances and immigration issues. “They have to stop people from pouring into our country, and we have to stop fentanyl,” he said.
Canadian Prime Minister Trudeau responded by announcing 25% tariffs on over $100 billion in U.S. goods. Mexican President Claudia Sheinbaum said her government is preparing countermeasures. China, meanwhile, plans to challenge the tariffs at the World Trade Organization.
Trump also suggested potential tariffs on the EU and UK. Despite concerns over rising consumer costs, he defended his approach, calling it necessary to correct trade imbalances.
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