U.S. President Donald Trump announced an investment from Taiwan Semiconductor Manufacturing Corporation (TSMC), which was in the Roosevelt Conference Room in Washington, DC, USA on March 3, 2025.
Leah Millis | Reuters
President Donald Trump The U.S. will impose 25% tariffs on Canada and Mexico on Tuesday and cancel the last-minute agreement it hopes to reach, which will avoid a trade war with its top U.S. trading partners.
Speaking at the White House on Monday afternoon, Trump said there was no room for negotiations with two U.S. allies.
“They’ve all set it up. They’ll be effective tomorrow,” he said.
The stock has been traded in red. Further sinking Follow Trump’s comments.
Trump signed an executive order to impose a 25% tariff on Mexico and imported a lot from Canada on February 1.
Trump confirmed last week that suspended tariffs in Mexico and Canada will be restarted on March 4, complaining that illegal drugs are still “influxing into our country from Mexico and Canada at very high and unacceptable levels.” He also announced an additional 10% tariff on Chinese imported goods.
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