As President Trump entered his second term, the trade war he started with China and which former President Biden kept in place suggests taming the deficit to

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

The Trump administration said on Tuesday that it was reinstating the "remain in Mexico" program, resuming an initiative that forced non-Mexican asylum seekers to wait in Mexico for the resolution of their U.

President Donald Trump said in an Oval Office signing ceremony Monday evening that his administration will impose 25% tariffs on Mexico and Canada on February 1, an extraordinary change in North American trade policy that could raise prices for American consumers.

Mexico is planning to establish a “task force” to involve US companies in the process of reducing imports from China, the country’s economy minister told a group of auto suppliers at a private meeting Friday in Detroit.

At the time of taking office on Monday, Trump had also mentioned that his team is talking of levying a 25% tariff on Mexico and China.

President Claudia Sheinbaum is detaining more migrants, seizing more fentanyl and positioning her country as a key ally against China. But the U.S. stance has shifted, too.

During his first term, Trump's tariffs caused U.S. firms to flee China. Now comes Round 2, which will create new winners and losers.

As Donald Trump is sworn in as the 47th president, he's not expected to impose China-specific tariffs on his first day in office, signaling a strategic shift toward engagement with Beijing rather than reigniting a trade war.

Chinese exports and investment in Mexico are quickly rising. The Trump team fears its neighbor could be used as a backdoor to the U.S. market.

President Donald Trump said Monday he planned to put a 25% tariff on imports from Canada and Mexico by Feb. 1, but held off on previous pledges of across-the-board tariffs and even higher ones on China.