The tariffs that US President Donald Trump has announced on imports from Mexico, Canada, and China came into effect on Tuesday, ending days of speculation around the issue.
The tariffs, originally scheduled to go into effect last month, saw a 30-day pause as Trump asked the countries to end or ‘severely limit’ the flow of fentanyl drug into the US.
On Monday, the Republican said that there was ‘no room’ for a deal with Canada and Mexico regarding the tariffs, saying the plan would go into effect on Tuesday as scheduled.
The proposed plan was to put 25 per cent tariffs on imports from Canada and Mexico. China also got hit with an additional 10 percent tariff on top of the 10 percent already in place.
The tariffs kicked in on Tuesday midnight, with all three countries responding to them with their countermeasures.
