President Trump announced the imposition of 25% tariffs on goods from Canada and Mexico, citing fentanyl trafficking as the reason. The move aims to incentivize companies, especially car manufacturers, to relocate production to the United States. Trump emphasized the benefits of building in the U.S. due to its robust market. Additionally, he plans to increase tariffs on Chinese imports by an additional 10%. The uncertainty surrounding Trump’s tariff threats has impacted markets, with fluctuating deadlines and discussions on migration and drug trafficking with Canada and Mexico. Despite calls for negotiation, Trump stated that there is no room for talks, confirming the implementation of tariffs. Both Canada and Mexico have pledged retaliation. In a separate development, Taiwan Semiconductor Manufacturing Company (TSMC) announced a $100 billion investment in semiconductor plants in Arizona, partly influenced by the threat of tariffs on semiconductor imports. This substantial investment reflects TSMC’s commitment to expanding its presence in the U.S., with previous investments totaling $165 billion. The decision highlights the complex interplay between trade policies, investments, and international relations in the current economic landscape.