Trump imposes new tariffs but Canada and Mexico retaliate immediately

On 1 February 2025, US President Donald Trump signed a presidential order introducing major new taxes on goods brought into the country from Canada, Mexico, and China. The taxes include a 25% charge on goods imported from Canada and Mexico, with a lower 10% rate for Canadian energy goods, and a 10% tax on goods from China. These new tariffs will start on 4 February 2025. A tariff is a tax that a government places on goods imported from other countries. It’s like an extra fee added to the cost of foreign products when they enter a country. The goal of a tariff is often to make imported goods more expensive, which will definitely force people to buy products made locally instead. For example, if steel from Cananda costs $100, a 25% tariff adds $25, making the total $125. However, the Trump administration justifies these tariffs are ways to fight back illegal immigration and drug trafficking mostly coming from the neighboring nations. "Today's tariff announcement is necessary to hold…