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WASHINGTON (AP) — President Donald Trump on Saturday signed an order to impose stiff tariffs on imports from Mexico, Canada and China, drawing swift retaliation and an undeniable sense of betrayal from the country’s North American neighbors as a trade war erupted among the longtime allies.

Global tensions could rise further as Trump considers expanding tariffs to the EU and other industries, threatening financial stability.

Companies, consumers and farmers across North America braced on Friday for U.S. President Donald Trump to impose 25% tariffs on Canadian and Mexican imports within hours, moves that could disrupt nearly $1.

Donald Trump has announced he will impose 25% tariffs on Canada and Mexico. "The potential economic effects could be significant," states analyst Maksymilian Kuch. He suggests this may merely be Trump's initial position in forthcoming negotiations.