President Donald Trump has imposed 25% tariffs on Canada, Mexico, and China, affecting supply chains and increasing costs for various industries. The tariffs could hit automobile, electronics, energy, and agriculture sectors hard, leading to increased prices for products like avocados and tomatoes. Analysts believe these tariffs could be incompatible with the US-Mexico-Canada Agreement (USMCA) and may be a way for the US to gain leverage ahead of a 2026 trade deal review. Canada and Mexico’s economies could be pushed into recession, while the US faces risks of a downturn. The situation could escalate into a prolonged and broader conflict.
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