Trump Imposes Tariffs on Mexico, Canada, and China

On 1st February, US President Donald Trump announced another executive order, and this time it was Mexico, Canada, and China on its radar. Donald Trump announced that the US has imposed a 25% tariff on all imports from Mexico to the USA, a 10% tariff on Canada's crude oil and other energy goods, while the US imposed a 25% tariff on other items. 

The US also imposed a 10% additional tariff on Chinese imported goods. These tariffs will take effect from Tuesday midnight (2nd of February), and Trump said it had to happen for the sake of peace. 

However, Canada and Mexico also struck back and said that they are assessing measures, and they will also put a 25% tariff on the USA's imported goods. However, China replied in a very claimful manner as they also assessed the damage caused by US tariffs on their goods, and they said that this is a clear violation of the WTO (World Trade Organization), and they will appeal this matter in that form and penalize the USA. 

Moreover, the market did not take these threats seriously in Canada, China, Mexico, or the USA, as they think that the reason that Trump mentioned tariffs is not serious. 

The reason for the tariffs imposed on Canada and Mexico is due to immigrants crossing the border via Mexico or Canada to the US, and they want Mexican and Canadian authorities to take strict action against them and close the border.