The move likely will trigger retaliation and risk igniting a trade war that could cause broad economic disruption for all countries involved.

Amid warnings of price increases, Canada moved quickly to retaliate, China said it had planned countermeasures and Mexico said it would soon unveil its response.

Starting Tuesday, nearly all imports from Canada and Mexico will be charged a 25% tariff, while goods from China will be charged a 10% tariff.

American importers will pay a new 25 percent tax on goods from Canada and Mexico and a 10 percent levy on products from China.

President Donald Trump made good on his promise to impose steep tariffs on America’s three largest trading partners — Canada, China and Mexico — citing a national emergency on the flow of fentanyl and undocumented immigrants into the United States.

Trump's new tariffs could drive up prices, impact jobs, and shift global trade. Explore the economic effects and what’s at stake for consumers and businesses.

President Trump announced sweeping tariffs on goods imported from Mexico, Canada and China, triggering a trade war and raising fears about consumer costs.

Mexico, Canada and the European Union on Tuesday condemned U.S. President Donald Trump's decision to impose tariffs on all steel and aluminum imports next month, a move that has fanned fears of a trade war as business and political leaders braced for yet more trade duty announcements from the new administration.