About 38% of U.S. imports from Canada fall under the USMCA ‒ a free trade deal Trump signed in 2019 ‒ meaning about 62% of goods from Canada will still be subject to tariffs, the Trump White House said. About 50% of imports from Mexico fall under the agreement, so about half of Mexican imports will be subject to the tariffs.

President Trump on Thursday threatened to impose larger tariffs on the European Union and Canada if they team up against the U.S., as an escalating trade war with the two allies continues. “If the

The levies could hurt European automakers when the industry is already struggling, especially in Germany, Europe’s biggest economy.