In a series of announcements, President Trump has confirmed that significant tariffs, potentially reaching 25%, are set to be imposed on imports from Canada and Mexico. The tariffs are expected to take effect soon, prompting businesses worldwide to brace for economic impact. Administration officials are racing against time to finalize details, while Trump remains uncertain about whether Canadian oil will be subject to these tariffs. The upcoming tariffs have stirred anxiety among industry stakeholders, and markets are reacting with caution as the deadline approaches. Experts are closely monitoring the situation as the implications of these tariffs could have far-reaching consequences for the economies of Canada and Mexico.