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Tariffs on Canada, Mexico to Start Tuesday, Trump Says

US President Donald Trump declared there is no chance of preventing the 25 percent tariffs on Mexico and Canada from taking effect on Tuesday. The news sparked concerns over the potential economic impact and sent financial markets into turmoil.
A cargo vessel crosses the Suez Canal in Egypt, shortly after Yemen-based militants started attacking ships in the Red Sea along the crucial Asia-Europe trade route.
Trump also said reciprocal tariffs would take effect on April 2 on countries that impose duties on US products. (Shutterstock)

US President

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Further Reading

Trump’s Tariffs, Explained in 4 Charts

Uncertainty around the rollout of the tariffs — how long they’ll last and whether more are in the works — complicates the fashion industry’s ability to adjust to the new reality.

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