Watch live coverage as President Trump’s sweeping tariffs take effect, imposing 25% duties on Canada/Mexico and 10% on China to combat fentanyl trafficking and border security concerns. The White House confirms no exemptions yet for Canadian oil, risking a North American trade war. Markets react instantly: Canadian dollar and Mexican peso plummet, while Ford/GM stocks drop 3-5%. Canada’s Trudeau vows “immediate retaliation,” and Mexico plans agricultural tariffs. With oil prices surging and fears of global economic contraction, this live coverage breaks down the tariff’s impact on consumers, industries, and diplomatic ties. Trump warns of future tariffs on EU goods, steel, and semiconductors, calling trade deficits “unacceptable.” Experts predict average U.S. households could face $3,000+ annual cost hikes.
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