President Donald Trump's threats to impose punishing tariffs on Canada and Mexico may be part of a strategy to gain leverage ahead of new negotiations on a regional trade agreement, experts said.

While much about the threatened tariffs is still unclear, experts predict they would be bad news for all three economies, with few winners.

The Trudeau government and regional leaders have put into place a retaliation strategy that's ready to go as leaders call for a national buy-Canadian response to President Donald Trump's tariff plans.

While the Gulf of America will be applied to federal references, other nations will not be required to recognize the name.

The U.S. government announced last Friday, January 24th, the official renaming of the Gulf of Mexico to the Gulf of America.

In line with a recent executive order by President Donald Trump, changes are already being introduced in the U.S. The Gulf of Mexico has been renamed the Gulf of America. In the United States, the Gulf of Mexico has officially been renamed the Gulf of America.