<h1>Trump to Impose New Tariffs on Canada, Mexico, and China; Concerns Over Economic Impact and Trade Conflict Rise.</h1> President Donald Trump announced plans to impose tariffs on Canada and Mexico starting Tuesday, while doubling existing tariffs on China to 20%. He cited the smuggling of illicit drugs into the U.S. as a reason for these measures, hoping to pressure other countries to curb trafficking. The announcement has caused concern over potential inflation and economic slowdown, with the auto sector facing possible repercussions. Trump's broader tariff strategy includes a 25% tariff on European countries and additional tariffs on autos, computer chips, and pharmaceuticals. The move has already impacted consumer confidence and the stock market, raising fears of a trade conflict.