The US President, Donald Trump, has declared that on Tuesday, tariffs towards Canada and Mexico will be enforced, in addition to heightened taxes on China. This decision is going to initiate a trade battle with the three main trading allies of the US, potentially resulting in rising costs for American consumers.

Source: https://www.france24.com/en/video/20250304-en-grab-us-tariffs-on-canada-and-mexico-tuesday