Trump Confirms 25% Tariffs on Canada and Mexico, Warns of Higher Levies on Taiwan

Former U.S. President Donald Trump has announced that a 25% tariff on imports from Canada and Mexico will take effect on March 4, putting an end to weeks of speculation. He emphasized that there will be no negotiations on the decision, which aims to tackle fentanyl trafficking, illegal immigration, and trade imbalances. Additionally, Trump warned that tariffs on Taiwan could increase to 50% and imposed an extra 10% tariff on Chinese goods.