The United States has announced 25% tariffs on Canada and Mexico

On February 2nd, local time on February 1st, the US government announced that it would impose a 25% tariff on imports from Canada and Mexico. US President Trump signed a tariff order on the same day, imposing an additional 25% tariff on imports from Canada and Mexico, and a 10% tariff on energy resources from Canada. < b > Tariffs are tentatively scheduled to take effect on the 4th . The White House said that if the US retaliates against the tariffs, the US may increase the tariffs.