Mexican and Canadian officials worked the phones and booked trips to Washington as time runs out to stave off President Donald Trump’s threat to impose 25% tariffs against the two largest US trading partners on Saturday.

Trump confirms new 25% tariffs on Canada and Mexico. Markets and the Federal Reserve are in panic mode, but they're wrong.

President Trump has threatened to impose tariffs on Canada over drug trafficking, equating it with Mexico. U.S. government reports do not support the claim.

Live updates as Trump threatens tariffs on China, Mexico, Canada and BRICS countries. Follow the latest news on Cabinet picks Tulsi Gabbard, Robert F. Kennedy Jr. and Kash Patel.

Prime Minister Justin Trudeau said that Canada “won’t back down” from President Trump’s threat to impose a 25 percent tariff and that Ottawa will respond accordingly until they are removed.

President Donald Trump warned Canada and Mexico to expect tariffs of 25% on exports to the United States starting Saturday.

In 2023, the U.S. imported $4.6 billion worth of tequila and $108 million worth of mezcal from Mexico, according to the Distilled Spirits Council of the United States, a trade group. The U.S. imported $537 million worth of Canadian spirits, including $202.5 million worth of whisky.

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