Canada and Mexico missing from Trump’s reciprocal tariff list. Here’s why

President Donald Trump announced new tariffs, imposing a 10% baseline tax on most imports, with increased rates for nations with trade surpluses. Notable exceptions include Canada and Mexico due to existing agreements. High tariffs target China, the EU, South Korea, Japan, and Taiwan, with a new 25% tariff on all foreign-made automobiles, sparking concerns of global retaliation.