Big changes might be coming to U.S. trade very soon. President Trump has announced plans to slap new tariffs on products from Canada, Mexico, and China starting February 1. These three countries are among America’s biggest trading partners, making up more than a third of all U.S. trade.

The tariffs, if implemented, would add a 25% charge on goods from Canada and Mexico, and a 10% levy on Chinese products. The President claimed these moves are aimed at curbing the flow of fentanyl and other issues tied to these countries. However, it’s still unclear whether this plan will move forward or which specific products will be affected.

This decision could shake up more than just trade numbers. Canada, Mexico, and China are deeply connected to the U.S. economy, with supply chains stretching across borders for everything from raw materials to finished goods. In 2023 alone, these countries bought over $1 trillion in U.S. exports and supplied nearly $1.5 trillion in goods and services to America.

If the tariffs take effect, they could disrupt these relationships and potentially impact millions of jobs. For now, businesses and trade experts are watching closely to see how this unfolds. Stay tuned for updates as February 1 approaches.