The Trump administration claims it’s levying the new tariffs on Canada, Mexico, and China to stop the flow of illegal drugs into the US. Often, presidents use tariffs as a threat during trade negotiations or to protect domestic industries from cheaper foreign products (as the Biden administration did with electric vehicles from China).

By Siddharth Cavale (Reuters) -For North American companies, the "wait and see" moment on tariffs is over. U.S. President Donald Trump imposed a 25% levy on goods from Canada and Mexico, along with a 10% tariff on China,

President Donald Trump said the U.S. pays hundreds of billions of dollars to "subsidize" Canada, and Canada can avoid tariffs by becoming the 51st state.