Imposes 25% tariffs on Canada/Mexico and 10% on China by executive order

Citing a "national emergency" regarding trade deficits and border security, Trump signed executive orders imposing a 25% tariff on almost all imports from Canada and Mexico and an additional 10% tariff on China. The move, labeled the "Liberation Day tariffs" by supporters, triggered immediate economic turbulence and threats of retaliation from U.S. allies. Energy resources from Canada were granted a lower 10% rate, highlighting the transactional nature of the policy.

"President Trump is taking bold action to hold Mexico, Canada, and China accountable to their promises." — White House Fact Sheet