Trump signs order authorizing tariffs on goods from Canada, Mexico and China
Trump signs order authorizing tariffs on goods from Canada, Mexico and China
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Decision could set the stage for a damaging trade war between the US and three of its top trade partners. Donald Trump has signed an order authorizing tariffs after vowing to impose dramatic taxes on goods from Canada, Mexico and China starting this weekend. The decision could set the stage for a damaging trade war between the US and three of its top trade partners. Trump has also threatened to impose tariffs against European Union nations.
Trump signed three executive orders on Saturday imposing tariffs of 25% on all goods from Mexico and Canada, the New York Times reported. Trump imposed a 10% tariff on Canadian oil exports, as well as a 10% tariff on items from China. Trump is imposing the tariffs under the International Emergency Economic Powers Act. Authorities have nodded to worries about fentanyl coming in to the US through this county’s borders with Canada and Mexico, produced from Chinese ingredients, according to the Times.
