President Donald Trump has officially imposed tariffs on Canada, Mexico and China.
Using the International Emergency Economic Powers Act, President Trump imposed 25% tariffs on all Mexican imports; 25% tariffs on all Canadian imports, except energy, which will be subject to a lower rate of 10%; and 10% on all Chinese imports.
President Trump took to Truth Social to announce the measures.
“Today, I have implemented a 25% Tariff on Imports from Mexico and Canada (10% on Canadian Energy), and a 10% additional Tariff on China. This was done through the International Emergency Economic Powers Act (IEEPA) because of the major threat of illegal aliens and deadly drugs killing our Citizens, including fentanyl. We need to protect Americans, and it is my duty as President to ensure the safety of all. I made a promise on my Campaign to stop the flood of illegal aliens and drugs from pouring across our Borders, and Americans overwhelmingly voted in favor of it,” President Trump posted.
It’s unclear at present when the tariffs will come into effect. Reports suggest Tuesday.
The Canadian government has promised to impose retaliatory tariffs on US goods.
“You will find when we do respond, at least initially, that we will focus on tariffing American goods that actually are sold in significant quantities in Canada, and especially those for which there are readily available alternatives for Canadians,” Canada’s Natural Resources Minister Jonathan Wilkinson said in an interview on Friday.