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President Donald Trump will put in place 25% tariffs on imports from Canada and Mexico and 10% tariffs on goods from China effective on Saturday, the White House said, but it provided no word on whether there would be any exemptions to the measures that could result in swift price increases to U.S. consumers.
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The Trump administration plans to roll out tariffs against Mexico, Canada and China on Saturday in response to an influx of illegal fentanyl into the United States, according to the White House.
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Exclusive: Trump set to launch Canada, Mexico tariffs on March 1 with exemptions, sources say Reuters Canada
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Tariffs that President Donald Trump plans to slap on imports from Canada and Mexico as soon as this weekend could drive up the price of everything from gasoline and pickup trucks, to Super Bowl party guacamole dip.
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Some oil refineries will probably struggle to replace imported crude oil if President Trump imposes 25% tariffs on products from Canada and Mexico.
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