| United States–Canada–Mexico trade war | |||
|---|---|---|---|
| Date | February 1, 2025 – present (3 days) | ||
| Location | |||
| Goals |
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| Status | Ongoing
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| Parties | |||
| Lead figures | |||
A trade war seemed about to start between the United States, Canada, and Mexico beginning on February 1, 2025, when U.S. president Donald Trump signed orders imposing near-universal tariffs on goods from the two countries to take effect on February 4. The order called for 25 percent tariffs on all exports from Mexico and all Canadian exports except for oil and energy, which would be taxed at 10 percent. Trump said the goal of the tariffs was to stop both illegal immigration to the U.S. and the supply of fentanyl across its borders with Canada and Mexico and to reduce the U.S.'s trade deficit.
In response, Canadian prime minister Justin Trudeau said Canada would immediately respond with 25 percent tariffs on CA$30 billion (US$20.6 billion) of American exports, which would expand to CA$155 billion (US$106 billion) within three weeks. Mexican president Claudia Sheinbaum said Mexico would enact tariffs and non-tariff economic retaliation against the United States.
Both Canada and Mexico have said that Trump's tariffs would violate the United States–Mexico–Canada free trade agreement ratified by the three countries in 2020 under Trump's first presidency. Economists have said that the tariffs would likely disrupt trade between the three countries significantly, upend supply chains across North America, and increase consumer prices across the U.S., Mexico, and Canada.
On February 3, both countries negotiated one-month delays on the tariffs with the United States.