Every country hit on ‘Liberation Day’ – and the surprising exemptions - Some of the world’s weakest economies in Asia are among those hardest-hit in opening salvo of global trade war

"The tariffs will not impact us as much as we can always cross to Mexico to buy goods such as tortillas, cheese, or snacks," Mayor Jose Grijalva told Newsweek.

President Donald Trump has routinely declared tariffs as one of the most beautiful words in the dictionary and has regularly accused foreign countries of ripping off the U.S.

President Donald Trump revealed his tariff plans as part of a "Liberation Day" ceremony at the White House. Uncertainty over tariffs has roiled financial markets in recent weeks.

It comes as the president recently announced a 25% tariff on imported vehicles and some auto parts among other tariffs.

President Donald Trump said countries, whether staunch allies or adversaries, would be subject to at least a 10% tariff.

Economists fear the president’s escalating trade war could have a damaging ripple effect that drives up prices

President Donald Trump announced 10% reciprocal tariffs on all countries, as well as far higher levies for some trading partners, including China.