Trade tariff chaos and its global fallout

In line with his campaign promises, President Trump announced new tariffs (customs duty or taxes on imports) more than a week ago – 25% on Mexico and Canada and 10% on imports from China. While China had anticipated such measures, Mexico and Canada had hoped they would be avoided due to the deep economic integration of North America. However, once the executive order was issued under the "America First Trade Policy," affected businesses and governments scrambled to prevent its implementation. Just hours before the tariffs were set to take effect, negotiations secured a temporary postponement for Canada and Mexico, though the tariffs remained in place for China.