MEXICO CITY (Reuters) -Fentanyl trafficking from Mexico to the United States has fallen around 40% since U.S. President Donald Trump took office in January, Mexican President Claudia Sheinbaum said on Friday.

Minnesota business leaders and academic experts on how tariff whiplash impedes reliable business planning and long-term investment.

President Trump has doubled the rate on foreign metals to 50%, saying the levies weren’t high enough to help the U.S. industry.

President Sheinbaum said that if Mexico fails to reach an agreement with the United States, her government will announce its response to the 50% steel tariff next week.

Some dealers have decided to charge more for the cars already on their lots, knowing it will cost more to replace them.

Canada’s Mark Carney calls the 50-percent tariff increase ‘illegal’, while Mexico’s Sheinbaum weighs countermeasures.

The Budget Lab at Yale University estimates tariffs effective as of June 2 have pushed the average tax on U.S. imports from 2.5% in 2024 to 15.6% in 2025, the highest level since 1937. History offers a clue about what may happen if President Trump stays the course with the current trade war. Consider this information:

On June 4, 2025, the U.S. imposed a 50% tariff on steel and aluminum imports, sparking global reactions. President Trump justified this move as a national security measure to protect American industries.