United States President Donald Trump confirmed this weekend that 25 per cent tariffs against Canadian goods will go into effect on Tuesday. Prime Minister Justin Trudeau has said Canada will retaliate with tariffs of its own against $155 billion worth of American goods,

Mexico is facing a 25% tariff, while Canada would be charged 25% on its imports to the United States and 10% on its energy products. China is facing a 10% additional tariff due to its role in the making and selling of fentanyl, the Trump White House said.

The United States has agreed to "pause" the tariffs on Mexican goods for one month, President Claudia Sheinbaum announced on Monday, AFP reported. President Sheinbaum made the announcement after holding talks with her US counterpart Donald Trump.