The U.S. has lifted its month-long suspension of tariffs on imports from Canada and Mexico, implementing a 25% tariff on goods from both countries, along with a 10% tariff on Canadian energy products. This decision follows the failure of Canada and Mexico to adequately address issues related to migration and fentanyl trafficking, leading to retaliatory tariffs from Canada and countermeasures from Mexico. Additionally, tariffs on China have been increased due to similar concerns, prompting retaliatory actions from Beijing. The situation has escalated tensions between the U.S. and its trading partners.

Source: https://www.supplychaindive.com/news/trump-tariffs-canada-mexico-china-begin/741482/