Canada

WASHINGTON (AP) — President Donald Trump says 25% tariffs on imports from Mexico and Canada will start Tuesday, sparking renewed fears of a North American trade war. He announced the coming tariffs at the White House on Monday. He says the tariffs are to force the two U.S. neighbors to step up their fight against fentanyl trafficking into the U.S. Trump provided a one-month delay in February as both countries promised concessions. But Trump said Monday that there was “no room left for Mexico or for Canada” to avoid the steep new tariffs. U.S. stock markets moved sharply lower after Trump’s comments. Trump said he would also add on another 10% tariff on goods from China, on top of the initial 10% he put in place last month.

PALM BEACH, Fla. (AP) — President Donald Trump says Americans could feel “some pain” from the emerging trade war triggered by his tariffs against Canada, Mexico and China. He’s also claiming that Canada would “cease to exist” without its trade surplus with the United States. The trade penalties that Trump signed Saturday at his Florida resort are causing a mix of panic, anger and uncertainty. And they’re threatening to rupture a decades-old partnership on trade in North America while further straining relations with China. But by following through on a campaign pledge, Trump may have simultaneously broken his promise to voters in last year’s election that his administration could quickly reduce inflation. The tariffs are set to launch on Tuesday.