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The president’s orders set the stage for a trade war with major partners.
President Trump on Saturday followed through with his threat to impose stiff tariffs on Mexico, Canada and China, setting the stage for a destabilizing trade war with the United States’ largest trading partners.
Mr. Trump hit Canada and Mexico with tariffs of 25 percent on all goods, with a carve out for Canadian energy and oil exports. Those will be taxed at 10 percent. Mr. Trump also placed a 10 percent tariff on Chinese goods. The levies go into effect just after midnight on Tuesday, and will be added on top of all existing tariffs.
View: https://x.com/JustinTrudeau/status/1885849669374276013
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