Trump plans tariffs on Mexico, Canada for March 4, while doubling existing 10 pc tariffs on China

President Donald Trump announced plans to impose tariffs on Canada and Mexico starting next Tuesday and to double the 10% tariff on imports from China. He cited the smuggling of illicit drugs, such as fentanyl, into the US as a reason for the tariffs. These measures have caused concerns about inflation and potential impacts on the global economy.