President Trump has threatened to increase Mexico’s tariff rate to 30 percent starting Aug. 1, claiming the country hasn’t sufficiently tackled drug cartels.

A vast majority of trade between Mexico and the U.S. has been exempt from tariffs for months. That could change on Monday.

President Donald Trump expanded his tariff threats over the weekend, calling for 30% levies on two of America’s largest trading partners: the European Union and Mexico.

The tariffs are likely to inflame tensions with one of the largest U.S. trading partners.

From executive orders, bills passed to ongoing public arguments and more: here's how President Trump's second term has impacted Illinois so far.

Mexico did not face a new tariff on April 2, the day of Trump's so-called "Liberation Day" tariff rollout. There remains a 25% tariff on non-USMCA-compliant goods from Canada and Mexico, as well as a 50% tariff on steel, aluminum and derivative products.

With inflation creeping back into the US economy, it's as important as ever to have a firm grasp on Donald Trump's tariffs and what they mean.

At her Thursday morning press conference, President Claudia Sheinbaum spoke about her government's efforts to stave off new U.S. tariffs that are due to take effect next week.