<h1>Trump Announces New Tariffs on Canada, Mexico, Doubling Existing Tariffs on China to Combat Drug Smuggling</h1> President Donald Trump plans to impose tariffs on Canada and Mexico starting March 4, alongside doubling the existing 10% tariffs on Chinese imports. The move aims to combat drug smuggling, particularly fentanyl, into the U.S. Trump intends to levy 25% tariffs on imports from Mexico and Canada, with a 10% tariff on Canadian energy products. This decision has sparked concerns about inflation and economic disruption. Mexico and Canada are emphasizing their efforts to tackle drug trafficking, with Mexico deploying troops to its border. The tariffs could cost U.S. consumers significantly and potentially lead to political backlash against Trump.