On January 21st, according to reports from CNN and The Wall Street Journal, U.S. President Trump stated that he plans to impose a 25% tariff on goods imported from Canada and Mexico starting February 1st.

  The United States plans to impose additional tariffs on Canada and Mexico  

       U.S. President Trump indicated that the U.S. is considering imposing a 25% tariff on all products from Mexico and Canada, with the implementation possibly set for February 1st. He attributed this move to issues related to immigration and cross-border drug trafficking.

       Previously, Trump had proposed a 10% universal tariff on all imported goods during an interview. A study by the National Retail Federation (NRF) pointed out that if Trump's new tariff plan is implemented, American consumers could face an annual loss of up to USD 78 billion in purchasing power.

       The study revealed that these tariffs would impact consumer categories such as apparel, toys, furniture, electronics, footwear, and travel goods.

       On January 21st in Toronto, Canadian Prime Minister Justin Trudeau led his cabinet in a two-day retreat to discuss strategies for countering the U.S. tariff threat.

       Canadian Foreign Minister Mélanie Joly told the media that the Canadian government has a three-pronged plan to deal with the tariffs: (1) strengthening border control to prevent the tariffs from taking effect; (2) implementing retaliatory measures; and (3) developing long-term strategies for response.

       Canadian Finance Minister Chrystia Freeland stated that she remains hopeful for constructive dialogue with various sectors in the U.S.

       Trudeau issued a statement in the morning, on behalf of the Canadian government, congratulating Trump on his inauguration and reiterating the close economic ties between Canada and the U.S. He emphasized that both countries are each other's largest trading partners and that Canada is working to strengthen this mutually beneficial relationship.

       Recently, Canadian media revealed that the government has prepared a phased list of retaliatory tariffs on a wide range of U.S. goods, from orange juice and plastic products to steel, with a total value exceeding CAD 100 billion.

       Andreas Schotter, a professor of international business at Western University, believes that even a 10% tariff from the U.S. could lead to a contraction of 2.4 percentage points in Canada's GDP over two years and a loss of approximately 500,000 jobs. A 25% tariff would cause severe supply chain disruptions and permanent structural changes in the economy. However, he also believes that the U.S. GDP would suffer as well, with a significant increase in the fiscal deficit.

  The United States is withdrawing from the Paris Agreement once again  

       On January 20th, local time, U.S. President Trump signed a series of executive orders inside the Capital One Arena in Washington, D.C., including one that declares the U.S. will withdraw from the Paris Agreement on climate change.

       In 2015, the United Nations Climate Change Conference reached the Paris Agreement, which became a significant global achievement in combating climate change. In June 2017, then-President Trump announced that the U.S. would withdraw from the Paris Agreement.

       On November 4, 2020, the U.S. formally exited the agreement, a move that was widely criticized both domestically and internationally.

       On January 20, 2021, President Biden signed an executive order on his first day in office, declaring that the U.S. would rejoin the Paris Agreement. The U.S. formally rejoined the agreement on February 19 of the same year.

       Regarding Trump's recent declaration of plans to withdraw from the Paris Agreement again, a spokesperson for the UN Secretary-General responded on the 20th by stating that the transformation envisioned by the Paris Agreement has already been set in motion globally. The energy revolution sparked by the agreement offers unparalleled opportunities for countries and businesses to invest in renewable energy and drive employment and economic prosperity for the 21st century. In this critical decade, world leaders must seize these opportunities and take climate action.

  The TikTok ban has been postponed for 75 days  

       On January 20th, local time, U.S. President Trump signed an executive order stating that the law requiring the short-video social media platform TikTok to either "sell or be banned" will not be enforced for the next 75 days.

       On January 21st, President Trump said at a White House press conference that he is open to Elon Musk's acquisition of TikTok.

       During the press conference, a reporter asked, "Are you open to Elon Musk's acquisition of TikTok?"

       In response, Trump said, "I would be open to it if he wants to buy it."