Trump to impose tariffs on Canada, Mexico and China on Saturday, White House says
Prices for goods entering the United States from Canada and Mexico may increase as a result of President Donald Trump's announcement on Friday that he would apply a 25% tariff on goods from both nations and a 10% tariff on goods from China on Saturday.
Prior to declaring on Inauguration Day that the tariffs will be implemented on February 1, Trump had stated that he would impose them on the first day of his term. On Friday, White House press secretary Karoline Leavitt assured reporters that Trump will meet the deadline of February 1.
Trump claimed that the duties were imposed in reaction to the introduction of fentanyl into the United States and because the U.S. has a trade deficit with the three nations, and that there was nothing the three nations could do to avoid them. Because it purch...