Trump Imposes Tariffs on Canada, Mexico, China Amid Supply Chain Concerns

President Donald Trump has implemented new tariffs, imposing a 25% duty on imports from Canada and Mexico and a 10% tariff on goods from China, as part of his strategy to tackle the fentanyl crisis and illegal immigration. This move has prompted Canada and Mexico to prepare retaliatory tariffs, escalating trade tensions between the U.S. and its closest neighbors. Critics argue that these tariffs could disrupt supply chains and lead to increased costs for consumers, with companies like Walmart already anticipating price hikes on electronics, groceries, and apparel. Economists warn that the tariffs may exacerbate inflation rather than alleviate it, as businesses face higher costs. Trump has signaled that his administration may target additional trading partners, including China and the European Union, in the future. The situation is evolving as the February 1 deadline approaches for Canada and Mexico to address Trump's concerns.