Trump's 25% tariffs against Canada and Mexico, 20% on China, are now in effect (1 Viewer)

[Josh Boak | The Associated Press, Paul Wiseman |]

President Donald Trump’s long-threatened tariffs against Canada and Mexico finally went into effect Tuesday, putting global markets on edge and setting up costly retaliations by the United States’ North American allies.

Starting just past midnight, imports from Canada and Mexico are now to be taxed at 25%, with Canadian energy products getting tariffed at 10%. In addition, the 10% tariff that Trump placed on Chinese imports in February is doubling to 20%.

In response, Canadian Prime Minister Justin Trudeau said his country would slap tariffs on...

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