Trump is set to impose sweeping tariffs. President Trump’s threats to impose stiff tariffs on goods imported from Canada, Mexico and China are expected to become a reality today

Trump has vowed to impose 25% tariffs on all imports from Canada and Mexico, with 10% for Canadian energy. CEOs and economists say the action, covering more than $900 billion worth of annual U.S. imports from its southern and northern neighbors would deal a serious setback to the highly integrated North American economy.

U.S. President Donald Trump said on Monday that 25% tariffson goods from Mexico and Canada will definitely take effect on Tuesday, raising fears of a trade war in North America and sending financial markets reeling.