‘No room left’: Donald Trump rejects last-minute deal to avert tariffs for Canada, Mexico, hikes China levy

President Trump announced there would be no eleventh-hour deal with Canada and Mexico to prevent sweeping tariffs, signing an order to increase duties on China as well. The tariffs set to impact over $918 billion worth of imports could raise consumer prices and affect economic growth. Canada and Mexico are prepared to retaliate with counter tariffs.