Global markets react as Trump announces he plans to go forward with tariffs on Mexico, Canada

Trump pushed back the tariffs last month after reaching deals with both the Canadian and Mexican governments on border security.

WASHINGTON — President Donald Trump plans to impose tariffs on Canada and Mexico starting Tuesday, in addition to doubling the 10% universal tariff charged on imports from China.

In a Truth Social post Thursday, Trump said illicit drugs such as fentanyl are being smuggled into the United States at “unacceptable levels” and that import taxes would force other countries to crack down on the trafficking.

“We cannot allow this scourge to continue to harm the USA, and therefore, until it stops, or is seriously limited,

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