In a significant move, President Donald Trump implemented tariffs on China on February 4, amid an ongoing dispute regarding fentanyl shipments. Trump's executive orders also aimed to impose tariffs on Canada and Mexico, which are now paused for at least a month as leaders of the three nations explore dialogue and border security commitments. According to the orders, failure to manage illegal immigration and drug trafficking could lead to a re-implementation of tariffs. Notably, the tariff on Chinese imports stands at 10%, with potential increases if retaliatory measures arise. In response, China announced its own tariffs on U.S. coal, crude oil, and agricultural equipment, effectively raising tensions in global trade. Canada's retaliation included a 25% tariff on U.S. exports such as bourbon and fruits, resulting in a swift back-and-forth between the nations. While the tariff strategy is aimed at regulating certain imports and addressing security holes, polls show an overwhelming voter sentiment against these tariffs, emphasizing a common perception that they may harm the U.S. economy. As the situation evolves, focus remains on the upcoming discussions between Trump and Xi Jinping, as the geopolitical landscape continues to shift around trade and security concerns.