President Donald Trump's tariffs on Canada and Mexico have officially taken effect, causing global markets to react nervously. The move has prompted retaliatory measures from the United States' North American allies, escalating tensions in the trade arena.
Meanwhile, President Trump is set to address a joint session of Congress to review his initial weeks in office amid a nation divided over his leadership. The speech comes at a time when Americans are deeply divided in their opinions about the future of the country.
Among the guests attending the speech are individuals affected by various incidents, including the widow of a fallen police officer, a wrongfully detained American history teacher, and the family of a former fire chief killed during an assassination attempt on Trump.
In response to the U.S. tariffs, Mexico has announced plans to impose retaliatory tariffs on American goods. Mexican President Claudia Sheinbaum expressed disappointment over the decision, emphasizing its potential impact on both nations.
As trade disruptions loom along the U.S.-Mexican border, businesses are already feeling the effects, with prices rising rapidly. The uncertainty surrounding the situation has led to concerns about supply shortages and subsequent price hikes.
Elsewhere, Vice President JD Vance highlighted the importance of a rare earths deal between the U.S. and Ukraine as a deterrent against Russian aggression. The move aims to bolster security guarantees and prevent further conflict in the region.
China has defended its efforts to control the flow of fentanyl to the U.S. amid new American tariffs on Chinese imports. The Chinese government emphasized its cooperation with the U.S. on drug-related issues while opposing what it views as unjust sanctions.
Following Trump's lead, his allies have criticized Ukrainian President Volodymyr Zelenskyy, suggesting he may need to resign. The criticism comes as Zelenskyy seeks international support in the face of the ongoing conflict with Russia.
Trump's tariff tactics have raised concerns about higher economic risks compared to his first term. The impact of the tariffs on industries like India's steel sector remains a topic of debate, with potential consequences for global trade.
Overall, Trump's trade policies have sparked uncertainty and volatility in international markets, with implications for various sectors and economies worldwide.
