President Claudia Sheinbaum of Mexico took steps sought by President Trump, including sending troops to the border and cracking down on drug cartels. The tariffs went into effect anyway.

President Donald Trump’s tariffs drew immediate retaliation today from Mexico, Canada and China, sending financial markets into a tailspin as the U.S. faced the threat of rekindled inflation and paralyzing uncertainty for business.

Mexico will respond to 25% tariffs imposed by the United States with its own retaliatory tariffs on U.S. goods