Mexico reports 23.2 percent decline in Asian imports following tariff implementation

The US has confirmed the imposition of 50% tariffs on select Canadian imports, effective in 30 days, citing trade disputes. Concurrently, the US is preparing to reimpose a 10% global tariff as existing measures expire and is reportedly drafting a universal tariff framework for 60 nations. These actions, coupled with bilateral US-Mexico USMCA review talks excluding Canada, indicate a significant and broad escalation of US protectionist trade policies.