Times of India, March 2025
In a move that risks reigniting global trade tension, President Donald Trump has imposed sweeping tariffs on imports from Canada, Mexico, and China, the three largest trading partners of the United States. The levies, which took effect at 12:01 a.m. Eastern time on Tuesday, follow executive orders signed last month and mark a significant escalation in Trump’s trade policy.
The scope of the tariffs
Under the new tariff structure:
- All goods imported from Canada and Mexico now face a 25% tariff, with the exception of Canadian energy products, which are subject to a 10% levy.
- Chinese imports, which had been taxed at 10% last month, now face a 20% tariff.
These measures, initially set to take effect last month, were delayed by 30 days after negotiations with Canada and Mexico regarding increased oversight of fentanyl and border control. According to economists at S&P Global, the most affected sectors include auto and electric equipment industries in Mexico and mineral processing in Canada. In the US, farming, fishing, and manufacturing industries—including metal and auto production—are likely to face the heaviest burdens.
