President Donald Trump has threatened to slap dozens of countries with specialized tariffs, along with taxes on imports that would affect every other nation. That could affect trillions of dollars in trade,

Critics warn his posture could embolden China to expand ties to Latin American countries, and Russia to continue advances in Ukraine.

Trump signed an executive order to implement tariffs on Mexico, Canada, and China.He has been threatening the tariffs on the three countries and others for months.Canada and Mexico have vowed to impose retaliatory tariffs against the US.

Trump said in an Oval Office signing ceremony on Monday that his administration will impose a 25% tax on goods from Canada and Mexico that may come as soon as February 1 – a move that could raise prices for American consumers.

The U.S. will impose 25% tariffs on Canada and Mexico, along with 10% on China, White House spokeswoman Karoline Leavitt said on Friday, but she declined to say whether there will be exemptions. Copyright 2025 Thomson Reuters.

Roughly $900 billion in annual trade between Canada and the United States — and, with it, traditionally chummy bilateral ties — is on the brink of upheaval, with President Donald Trump threatening to impose sweeping tariffs on Canada as early as this weekend.

Canada will respond immediately and forcefully if the United States goes ahead with a threat to impose tariffs, Prime Minister Justin Trudeau said on Friday, warning Canadians that they could be facing tough times.