President Donald Trump is set to impose 25% taxes on imports from Canada and Mexico and double to 20% his levies on Chinese products, prompting threats of retaliation from all three countries. The United States engaged in nearly $2.2 trillion in goods trade last year with these nations: $840 billion with Mexico, $762 billion with Canada, and $582 billion with China.
Trump has declared an economic emergency to justify these duties, marking the most aggressive use of tariffs by the United States since the 1930s. The sanctions are purportedly aimed at reducing undocumented migration and drug trafficking across the U.S. border.
