Tariffs placed on Canadian and Mexican goods are set to move forward, according to President Donald Trump. A rift is emerging between the east and west of the EU over what to do with Russia’s seized central bank reserves. State-backed North Korean hackers have stolen $1.5bn (£1.2bn) of cryptocurrency in the largest heist in history.

The Trump administration is moving forward with hefty tariffs on neighbors Canada and Mexico next week, President Donald Trump said Monday during a news conference.

From Maine to Montana to New Mexico, U.S. states across the country will face significant economic issues from President Trump’s trade war on Mexico and Canada.

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President Donald Trump said on Monday that tariffs on Canadian and Mexican imports are "on time and on schedule" despite efforts by the countries to beef up border security and halt the flow of fentanyl into the U.

The White House published three separate Executive Orders that imposed blanket tariffs on Canadian, Mexican and Chinese imports. The Executive Orders are all similar in scope, with each having a unique justification for imposing the associated tariffs.

Gasoline prices are up 29 cents a gallon in Arizona since President Trump took office; prices for produce and other consumer products could spike if he enacts more tariffs on Canada and Mexico, experts say.

President Donald Trump, asked on Monday whether tariffs would be placed on Canadian and Mexican goods when the deadline for a pause on such action arrives next week, reiterated his view that the United States had been mistreated by its neighbors and allies.

While Canada is less implicated in fentanyl smuggling compared to Mexico, it has introduced measures aimed at addressing US concerns. According to APNews, Canadian energy products such as oil and electricity will face a lower 10 per cent tariff compared to the 25 per cent rate applied to most other imports.

President Donald Trump confirmed Monday that his new 25% tariffs on all Canadian and Mexican goods will “go forward” on March 4. The president ordered the new tariffs in early February but delayed their implementation for one month after the Canadian and Mexican governments brokered agreements with the White House regarding border security and fentanyl