Trump declared an economic emergency in order to place duties of 10% on all imports from China and 25% on imports from Mexico and Canada.
President Donald Trump speaks as he signs executive orders in the Oval Office at the White House, Thursday, Jan. 30, 2025, in Washington.
Mexico’s president immediately ordered retaliatory tariffs and Canada’s prime minister said it was “prepared” to quickly respond. Trump’s order includes a mechanism to escalate the rates if the countries retaliate against the U.S. “We categorically reject the White House’s slander that the Mexican government has alliances with criminal organizations, as well as any intention of meddling in our territory,” Sheinbaum wrote.
“Effective today, I have directed B.C. liquor sales to immediately stop buying American liquor from red states,” he said. “Liquor store employees will be removing the most popular of these brands from government store shelves.” The order would also allow for tariffs on Canadian imports of less than $800. Imports below that sum are currently able to cross into the United States without customs and duties.
The president is preparing more import taxes in a sign that tariffs will be an ongoing part of his second term. On Friday, he mentioned imported computer chips, steel, oil and natural gas, as well as against copper, pharmaceutical drugs and imports from the European Union — moves that could essentially pit the U.S. against much of the global economy.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump Threatens Tariffs on Canada, Mexico, and Plans to Rename Gulf of MexicoPresident-elect Donald Trump announced plans for 'very serious tariffs' against Canada and Mexico, citing illegal immigration and drug trafficking. He also declared his intention to rename the Gulf of Mexico to the 'Gulf of America'.
Read more »
Trump Threatens Tariffs on Mexico and Canada, Eyes TikTok Penalties on ChinaPresident Donald Trump announced plans to impose tariffs on Mexico and Canada as early as February, citing concerns over immigration. He also hinted at using tariffs against China to pressure them into approving a U.S. partner for TikTok. Trump aims to use tariffs to protect American workers, encourage countries to curb fentanyl trafficking, and generate revenue for the U.S. federal government.
Read more »
Trump Threatens Tariffs on China, Mexico, and CanadaPresident Donald Trump commences his presidency with a flurry of executive orders and trade threats, targeting key economic partners like China, Mexico, and Canada. Trump's 'American First' agenda aims to protect US interests by imposing tariffs on goods from these nations.
Read more »
What Trump’s Colombia tariff flap means for China, Canada, and Mexico as deadline loomsPolitical News and Conservative Analysis About Congress, the President, and the Federal Government
Read more »
Trump May Impose Tariffs on Mexico, Canada, and China as Soon as February 1President Trump's threats of steep new tariffs against major trading partners seem poised to become reality. Economists warn of potential economic fallout.
Read more »
Trump Threatens Tariffs on Canada, Mexico, and ChinaPresident Trump threatened tariffs on Canada, Mexico, and China over various trade issues and the flow of fentanyl into the U.S. He claimed that these countries have treated the U.S. unfairly on trade and that he would impose tariffs if they did not change their policies.
Read more »