Yahoo Finance will chronicle the latest news and updates on Trump's tariffs — from the threats to the eventual policy.

Few countries have bet as heavily on free trade as Mexico and Canada. Now that President Trump’s 25% tariffs have hit both countries, their economies are facing a stress test that rivals the global financial crisis and the pandemic.

It's over for Starlink in Ontario, according to the Canadian province's premier, Doug Ford. Ford said in a press conference Tuesday that due to US tariffs imposed against Canada -- which as of Thursday were delayed until April -- Ontario canceled a $100 million contract with Elon Musk's Starlink satellite company it signed in November.