Advertisements
Home News Trump Imposes Tariffs On Imports from Mexico, Canada, and China

Trump Imposes Tariffs On Imports from Mexico, Canada, and China

by Celia

President Donald Trump signed an order on Saturday to impose tariffs on imports from Mexico, Canada, and China. This move fulfills a campaign promise but could lead to higher prices for American consumers.

Advertisements

Under the order, Trump declared an economic emergency. He set a 10% tariff on all imports from China and a 25% tariff on imports from Mexico and Canada. However, Canadian oil will be subject to a 10% tariff.

Advertisements

The White House stated that the order includes a mechanism to increase these rates if the affected countries retaliate against the U.S., as they have previously threatened. Trump justified the tariffs as a way to pressure these countries to do more to stop the flow of fentanyl into the U.S. The tariffs also align with his broader protectionist policies aimed at boosting domestic manufacturing and generating additional revenue for the federal government.

Advertisements

Read more:

Advertisements

You may also like

logo

Bilkuj is a comprehensive legal portal. The main columns include legal knowledge, legal news, laws and regulations, legal special topics and other columns.

「Contact us: [email protected]

© 2023 Copyright bilkuj.com