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,

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.