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A trade war began between the United States, Canada, and Mexico on February 1, 2025, when U.S. president Donald Trump signed orders imposing near-universal tariffs on goods from the two countries to take effect on February 4.
The action, which is expected to take effect on Tuesday, includes a 25% duty on all imports from Mexico and most goods from Canada (there’s a 10% carve-out for energy-related items such as crude ...
In 2023, the U.S. imported $4.6 billion worth of tequila and $108 million worth of mezcal from Mexico, according to the Distilled Spirits Council of the United States, a trade group.
The U.S. imports more than $900 billion of products from Canada and Mexico, and a 25% tariff is huge given that goods have crossed North American borders duty-free for many years.
As Trump has repeatedly promised over the past several months, the tariffs will amount to a significant 25% duty on all imports from Mexico and most goods from Canada, and a 10% tariff on Chinese ...
Mexico and the United States have reached a one-month agreement to stave off tariffs and a looming trade war, the threat of which sent global markets tumbling early Monday. The 25% tariffs on ...
Mexico is the United States' largest trading partner, representing over 15% of total trade. ... His promises ranged from a universal tariff on foreign-imported goods to tariffs higher than 200% on ...
In response to the imposition of U.S. tariffs, Mexico implemented retaliatory tariffs on around US$3 billion (MXN $58.6 billion) worth of U.S. goods. These Mexican tariffs, which went into effect on June 5, 2018, were imposed on U.S. steel, pork, cheese, whiskey, and apples, among other goods before being lifted on May 20, 2019.