President Trump has announced the imposition of tariffs on Canada and Mexico, causing a flurry of activity in the markets. Despite warnings from some officials that the tariffs could be avoidable or short-term, Trump remains firm in his decision.

The move comes amidst ongoing tensions between the United States and its North American neighbors. Some experts worry that the tariffs could strain trade relations and lead to retaliatory measures from Canada and Mexico.

Stocks initially plummeted in response to the news, but rallied shortly after as investors digested the announcement. The uncertainty surrounding the situation has left many businesses on edge, unsure of how the tariffs will impact their operations.

As the deadline for the tariffs approaches, all eyes are on how Canada and Mexico will respond. The implementation of these tariffs could have far-reaching consequences for the economies of all three countries, making it a critical moment in international trade.