President Donald Trump announced broad tariffs on key US trading partners Canada, Mexico, and China, citing an 'extraordinary threat' from illegal immigration and drugs. Canadian and Mexican exports will face a 25% tariff, while Chinese goods will see an additional 10% levy. Trump invoked emergency powers to justify the tariffs, aiming to hold the governments accountable for addressing the flow of illegal immigrants and drugs.
President Donald Trump is imposing broad tariffs on major US trading partners Canada , Mexico and China, the White House said Saturday, citing an “extraordinary threat” from illegal immigration and drugs.
The aim is to hold all three countries “accountable to their promises of halting illegal immigration and stopping poisonous fentanyl and other drugs from flowing into our country,” the White House added. Trump, in Florida for the weekend, wrote on social media: “We need to protect Americans, and it is my duty as President to ensure the safety of all.”Imposing sweeping tariffs on three key US trading partners carries risks for Trump, who swept to victory in November’s election partly due to public dissatisfaction over the economy.
“Rising trade policy uncertainty will heighten financial market volatility and strain the private sector, despite the administration’s pro-business rhetoric,” he said. Canada and Mexico are major suppliers of US agricultural products, with imports totaling tens of billions of dollars from each country per year.
Doug Ford, premier of Canada’s economic engine Ontario, warned Saturday that “the impact of these tariffs will be felt almost immediately,” predicting potential job losses and a slowdown in business.
TARIFFS TRADEWARS IMMIGRATION CANADA MEXICO CHINA DONALDTRUMP
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