Breaking News: Trump Imposes 25% Tariffs on Neighboring Countries

In a significant move that could reshape North American trade relations, United States President Donald Trump declared on Thursday the imposition of a 25% tariff on imports from Mexico and Canada. This decision, set to take effect on February 1, marks a pivotal moment in the administration's trade policy.

Just days after the White House hinted at new trade restrictions, Trump's announcement has sent ripples through the international community. The president also indicated that a decision regarding tariffs on oil imports from these countries would be made by tonight.

Retaliation on the Horizon?

In response to the potential tariffs, both Mexico and Canada have not remained idle. They have swiftly announced plans for retaliatory measures, signaling a possible escalation in trade tensions. Despite this, Mexican President Claudia Sheinbaum expressed skepticism about the likelihood of the US following through with the tariffs on her country.