Mexico and Canada are exempt from Trump's latest tariffs, but the 25% tariffs that Trump levied on both countries last month will remain intact. The tariffs are meant to crack down on other countries for unfair trade practices,

Standing in the Rose Garden on Wednesday afternoon to unveil his new reciprocal tariffs, U.S. President Donald Trump again falsely claimed that the U.S. subsidizes Canada by hundreds of billions of dollars every year and misrepresented Canada's tariffs on U.