President Donald Trump has just signed a bold new executive order that changes the game on global trade. In a sweeping move, the U.S. will impose new tariffs on imports from over 70 countries — with some rates reaching as high as 41%. Canada is hit especially hard, facing a sharp increase from 25% to 35%, which Trump says is in retaliation for fentanyl coming into the U.S.
The new tariffs take effect in just seven days, marking a major escalation in Trump's trade war aimed at boosting American manufacturing. Some countries, including Japan, Vietnam, and the EU, are also facing higher rates. But not everyone is affected equally — nations with trade surpluses face harsher penalties, while about 100 others stick with a baseline 10% tariff.
Critics say this could mean higher prices for consumers, but Trump insists his strategy is working, citing steady inflation. After years of back-and-forth tariff threats, is this the moment Trump finally follows through?
Watch the full breakdown now to see how this could impact global markets and your wallet.
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