The baseline 10% tariff applies to many countries in the Americas, with notable exceptions. 

Amid growing uncertainty, Mexico's president addressed trade negotiations and plans for the economy in a major speech.

This "is a rethinking of what trade really is and the importance of it to the United States," said the AS/COA vice president.

The decision could push Mexico into a recession, while the U.S. may see higher consumer prices and slower growth.

“We're the best friends of each other, and that's really important to remember,” said the AS/COA president and CEO.

President Trump announced plans to impose 25% tariffs on USMCA partners.

Derailing or failing to successfully review the trade agreement will only benefit China’s and Russia’s global ambitions.