US Plans Tariffs on Canada, Mexico Next Week, Trump to Set Rates

The U.S. is set to impose tariffs on Canada and Mexico, with the exact levels to be determined by President Trump, according to Commerce Secretary Howard Lutnick. Despite both neighboring countries' efforts to manage border security, concerns persist over the flow of fentanyl into the U.S. Mexico has intensified military deployments to control migration and has seen a significant drop in attempted crossings; however, it also faces pressure to curb drug trafficking. The tariffs are intended to address these border security issues, particularly related to drug cartels, and could lead to higher consumer prices in the U.S. As tensions rise, the potential for retaliatory actions from Mexico and Canada remains a concern. The shifting economic landscape underscores the complex interplay between trade policies and security measures in North America.