President Donald Trump has announced a series of tariffs affecting multiple countries: • *Mexico and Canada*: A 25% tariff on imports from both nations, effective March 4, 2025. • *China*: An additional 10% tariff on Chinese imports, also starting March 4, 2025.  • *European Union*: A proposed 25% tariff on EU goods, set to take effect on April 2, 2025.  These measures aim to address concerns over illegal drug trafficking, particularly fentanyl, entering the United States. The announcements have led to significant market volatility, with global equities experiencing notable declines.  China has expressed strong opposition to the new tariffs and has indicated potential retaliatory actions to protect its interests.  The global economic community is closely monitoring the situation, as these developments may have far-reaching implications for international trade relations and economic stability.