President Donald Trump announced today that the United States will impose a 25% tariff on imports from Mexico and Canada, starting March 4. This decision is part of the administration’s efforts to restructure trade relations with its key partners.

Additionally, Washington will double the existing tariffs on Chinese imports from 10% to 20%. This announcement coincides with a significant restructuring of federal agencies, including a 90% reduction in USAID’s foreign aid contracts.

This escalation comes amid increasing trade tensions between the U.S. and its major trading partners, raising questions about the future of global economic relations.