As of March 5, 2025, President Donald Trump's administration has imposed a 25% tariff on goods imported from Canada and Mexico, effective immediately. Commerce Secretary Howard Lutnick indicated that these tariffs might be reduced within the next day, contingent upon both nations enhancing efforts to limit fentanyl flows into the United States.
In response, Canada announced a $155 billion tariff package targeting U.S. goods, stating that these countermeasures will remain until the U.S. eliminates its tariffs on Canadian products.
Please note that trade policies are subject to rapid changes. For the most current information, it's advisable to consult official government sources or reputable news outlets.