Trump proposes new tariffs on imports from Mexico and Canada

US President Donald Trump on Thursday proposed new tariffs on imports from Mexico and Canada, arguing that these countries are not actively fighting the flow of illegal immigrants and drugs into the United States. 

«I am announcing the introduction of a 25% tariff on all goods from Mexico and Canada until the flow of drugs, in particular fentanyl, and illegal immigrants across our borders stops,» Trump wrote on the Truth Social network. 

The markets reacted negatively: the S&P 500 index fell by 1.2%, and the Mexican peso declined by 2.3% against the dollar. Economists warn that such tariffs could negatively affect the American economy, given the close trade ties between the countries under the USMCA agreement. 

Analysts fear that a 25% tariff could lead to higher consumer prices and trigger retaliatory measures. Canada and Mexico are the largest trading partners of the United States, with a trade volume of more than $1.5 trillion per year. Representatives of these countries are expected to oppose the proposed measures.