U.S. President Trump said that his administration could impose a 25% tariff on Mexican exports. But will he actually act on his threat?

General Motors, the largest producer of cars in Mexico, won’t provide details on how it would react if President Trump imposes 25 percent tariffs from the two countries.

The Trump administration could soon implement tariffs on China, Canada and Mexico, impacting the U.S. and Wisconsin's top three trade partners.

Trump has repeatedly insisted that tariffs are coming on Canada and Mexico, despite both countries seeking to address his stated concerns about illegal border crossings and the smuggling of fentanyl. But the Republican president is also motivated by the idea that tariffs would force other countries to “respect” the United States.

Trump has shown a willingness to move swiftly on tariffs in recent days without allowing for drawn-out talks. On Sunday, Trump announced—and then backed off—a threat to impose

While much about the threatened tariffs is still unclear, experts predict they would be bad news for all three economies, with few winners.

Trump plans 25% tariffs on Canada, Mexico. What will it mean for Iowa's economy, farmers? Last time it left a $2 billion dent

Canada is a main source of crude oil imports and industrial supplies like steel for the United States. More than 71% of U.S. crude oil imports were supplied by Canada and Mexico in 2023, according to a new report from the Congressional Budget Office (CBO). Of that share, 60% of oil came from Canada.

U.S. President Donald Trump is poised to fulfill his commitment to impose tariffs on Canada and Mexico this coming Saturday, as confirmed by White House spokeswoman Karoline Leavitt on Tuesday.