Trump unveils new trade proposals targeting China, Mexico, and Canada

Donald Trump has announced new trade proposals targeting China, Mexico, and Canada. He plans to impose a 25% tariff on goods from Canada and Mexico, marking a significant shift from his previous campaign promise of 10-20% tariffs across the board. The U.S. stock market remained stable, while markets in Mexico and Canada fell, and their currencies weakened against the dollar. Investors speculate that Trump's proposals may be a negotiation tactic related to border issues. Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum have responded, with Trudeau describing their conversation as "good" and Sheinbaum suggesting possible retaliatory tariffs. Both countries have strong trade ties with the U.S., which may encourage negotiations.