President Trump has confirmed that new tariffs on Mexico and Canada will take effect on March 4, with rates set to reach 25%. In conjunction, he plans to double existing tariffs on China, increasing them by an additional 10%. This announcement has sent shockwaves through the trade community, with regional business leaders expressing their astonishment at the reversal of tariff policies. Amid rising oil prices and trade tensions, Canada has initiated a campaign in Washington to address the confusion surrounding these tariffs. The administration cites drug trafficking concerns, particularly regarding fentanyl, as a driving factor for these measures.