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The Latest: Trump's long-threatened tariffs against Canada and Mexico go into effect

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President Donald Trump's long-threatened tariffs against Canada and Mexico went into effect Tuesday, putting global markets on edge and setting up costly retaliations by the United States' North American allies.
The article discusses the implementation of tariffs by former President Donald Trump on steel and aluminum imports from Canada and Mexico, which went into effect as part of his broader trade policy. These tariffs, initially threatened during Trump's presidency, were aimed at protecting U.S. industries but have led to retaliatory measures from both Canada and Mexico. The move has sparked concerns over potential disruptions in North American trade, especially since these countries are key trading partners under the USMCA (United States-Mexico-Canada Agreement). Critics argue that these tariffs could lead to increased costs for American consumers and businesses, strain international relations, and possibly ignite a trade war. The article also touches on the reactions from the affected countries, with both Canada and Mexico expressing disappointment and considering their options for response, including potential counter-tariffs.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/news/politics/the-latest-trump-s-long-threatened-tariffs-against-canada-and-mexico-go-into-effect/ar-AA1AdS58 ]