In a significant move that escalates tensions in international trade, President Trump has announced the imposition of tariffs on imports from Canada, Mexico, and China. This decision has prompted immediate responses from these nations, with both Canada and Mexico pledging to retaliate against U.S. goods. Experts warn that the tariffs could lead to increased prices for American consumers, estimating a potential cost of $830 per household. Following the announcement, the stock market reacted negatively, reflecting fears over the economic repercussions. Canadian Prime Minister Trudeau has expressed deep concern, detailing retaliation plans, while Mexican officials have vowed to respond without clarifying specific targets. As the situation unfolds, the impact of these tariffs on various sectors, including the automotive industry, remains a focal point for businesses across the border.