The United States has imposed a 25% tariff on Mexico and Canada, effective from today.
Additional charges will also be implemented today on goods imported from China to the United States.
President Donald Trump’s move is expected to reduce the production of goods made in Canada and sent to the US, which could lead to job losses and an increase in inflation.
President Donald Trump declared the efforts to reach a tariff agreement with Canada and Mexico impossible, stating that there is no possibility of a trade deal with both countries.
