President Donald Trump’s sweeping tariff policy is reshaping North America’s trade landscape, according to The Wall Street Journal. On March 4, the U.S. imposed a 25% tariff on goods from Canada and Mexico not compliant with the USMCA. Canada imposed over $40 billion in retaliatory tariffs on U.S. goods, while Mexico chose not to enact new trade penalties. China faces 145% in cumulative tariffs and responded with retaliatory duties on U.S. energy, agriculture, and industrial products. A 10% across-the-board tariff imposed on April 5 excluded goods already targeted by earlier levies.
