Trump's new tariffs take effect, escalating trade war
Lucian Nemoiu
President Donald Trump’s new tariffs on imported goods from Canada, Mexico, and China — which together accounted for almost 42% of total imports in 2024 — have now gone into effect. The tariffs that went into effect early Tuesday include 25% duties on all Mexican goods and most Canadian goods, and 20% on goods imported from China. The duties on Canadian goods include a carveout for energy products, which will be taxed at 10%, in an effort to keep gas prices more manageable. Advertisement Most,
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