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Trump's long-threatened tariffs against Canada and Mexico come into effect

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President Donald Trump's long-threatened tariffs against Canada and Mexico finally went into effect on Tuesday, putting global markets on edge and setting up costly retaliations by the United States' allies.
The article discusses the implementation of tariffs by former U.S. President Donald Trump on steel and aluminum imports from Canada and Mexico, which came into effect as part of his broader trade policy to protect American industries. These tariffs, initially threatened during Trump's presidency, were aimed at addressing what he perceived as unfair trade practices and to bolster domestic production. The move has stirred significant controversy and tension with both Canada and Mexico, key trading partners under the North American Free Trade Agreement (NAFTA), now replaced by the United States-Mexico-Canada Agreement (USMCA). The tariffs have led to retaliatory measures from both countries, affecting various sectors and potentially leading to increased costs for consumers and businesses in the U.S. The article highlights the ongoing trade disputes and the economic implications of these tariffs, reflecting the complexities of international trade relations.

Read the Full MSN Article at:
[ https://www.msn.com/en-ph/politics/government/trump-s-long-threatened-tariffs-against-canada-and-mexico-come-into-effect/vi-AA1AddJL ]