President Donald Trump announced a 10% increase in tariffs on Chinese imports, raising the total to 20%, citing China’s lack of cooperation in addressing the importation of fentanyl and other drugs. Additionally, he confirmed that 25% tariffs on Canada and Mexico will take effect soon, following a delay to address migration and drug trafficking issues. Trump also mentioned plans for reciprocal tariffs on all trading partners and new tariffs on agricultural imports starting April 2. China has indicated it will respond with countermeasures against the increased tariffs.

Source: https://www.supplychaindive.com/news/trump-tariffs-china-hike-20-percent-canada-mexico/741444/