On his first day back in office, President Donald Trump reiterated plans to impose levies on products from Mexico and Canada despite concerns from the retail industry.

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

Tariffs of 25 percent could hit goods from Mexico and Canada entering the U.S. as soon as next month, Donald Trump announced on Monday while signing executive orders, signaling the beginning of a potential trade war that could have major effects on the U.S. economy.

North American car companies have operated across borders for three decades. Tariffs would raise prices and cost jobs in the short run, analysts say.

Canada vowed strong pushback while Mexico urged calm on Tuesday in the face of US President Donald Trump's trade threats that risk throwing their economies into disarray.

Iowa, said Wednesday he would take a step back and see how proposed tariffs on Canada and Mexico play out before he casts judgment.

President Donald Trump said Monday that he expects to put 25% tariffs on Canada and Mexico starting on Feb. 1, while declining to flesh out his plans for taxing Chinese imports.

This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, trade correspondent Eric Martin looks at the cost of potential tariffs on Canada and Mexico.

Mexico will give humanitarian aid to migrants from other countries whose asylum appointments were cancelled, as well as those sent to wait in her nation under the revived policy known as Remain in

• Establish the Department of Government Efficiency under the Executive Office of the President until July 4, 2026. This is the entity led by Elon Musk, the world’s richest man, and is charged with recommending cuts in federal programs and spending.

President Donald Trump started his second administration with a blitz of policy actions to reorient the U.S. government.