President Trump’s upcoming tariffs have prompted discussions with Canadian Prime Minister Justin Trudeau and Mexico’s leadership regarding the looming trade actions. Trump criticized Canada for alleged uncooperativeness and highlighted issues such as restrictions on U.S. banks operating there and concerns about the drug war. With Canada and Mexico preparing to impose their tariffs in response to U.S. actions, financial markets and stakeholders are bracing for the repercussions, including potential disruptions to global trade and inflationary pressures. The uncertainty surrounding Trump’s tariff policies, coupled with his historical support for protectionist measures, has led to concerns and a modest selloff in stock markets. Trump indicated that the tariffs could be lifted if Canada and Mexico address issues related to illegal immigration and drug smuggling, without specifying clear criteria. Mexico faces a 25% tariff, while Canada is set to be charged 25% on imports and 10% on energy products. Additionally, China will incur a 10% additional tariff due to its involvement in the production and distribution of fentanyl. The trade landscape remains fluid and impacted by the evolving dynamics of international relations and economic policies.