The U.S. is preparing to impose significant tariffs on Canada and Mexico starting Tuesday, as indicated by Commerce Secretary announcements. President Trump is expected to solidify the specific tariff levels as the deadline approaches. Concerns are mounting within industry sectors about the potential implications of these tariffs, with predictions suggesting they could escalate beyond previous thresholds. Canadian officials have expressed their discontent, warning that such actions may lead to a trade war, while U.S. businesses brace for impact. The situation remains fluid, and discussions continue regarding the possibility of reduced tariff rates, although Trump asserts that the tariffs will indeed proceed.