Economic Policies

US Tariffs on Canada, Mexico Take Effect; China Levies Double

Trump cited the American lives lost to the ‘vast amount of fentanyl’ that has flowed into the United States as justification for the latest tariffs.
US Tariffs on Canada, Mexico Take Effect; China Levies Double
Vehicles drive past shipping containers from China at the China Shipping (North America) Holding Company Ltd. facility at the Port of Los Angeles in Wilmington, Calif., on Feb. 4, 2025. Mike Blake/Reuters
Andrew Moran
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President Donald Trump’s long-awaited tariffs on Canada and Mexico have gone into effect, while U.S. levies on China doubled.

Beginning on March 4, goods imported from the North American neighbors will be slapped with 25 percent tariffs, the president confirmed.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."