Trump Tariffs on Canada, Mexico, China Start Feb 1

President Donald Trump is set to impose tariffs on imports from Canada, Mexico, and China, effective February 1st. The tariffs include a 25% duty on Canadian and Mexican goods, and a 10% duty on Chinese imports. These measures are in response to the illegal trafficking of fentanyl and aim to address trade deficits and immigration issues. The Trump administration asserts that Canada, Mexico, and China have not adequately addressed the flow of illegal drugs into the U.S., which have had severe impacts. Canadian Prime Minister Justin Trudeau has indicated that Canada will retaliate with countermeasures. The tariffs could lead to increased costs for American consumers and industries, particularly in states like Massachusetts, where electricity costs are projected to rise significantly.