
The latest round of duties — 25% on imports from Canada and Mexico, and 10% on goods from China — takes effect immediately, the White House has announced, raising fears of a renewed global trade war.
In his trademark style, Trump declared that tariffs are coming and there is nothing these countries can do to forestall them.
On Friday, the White House confirmed the tariffs but offered no clarity on possible exemptions, despite last-minute lobbying efforts from industry leaders and US allies.
Discover the latest Business News, Budget 2025 News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!