TRUMP IMPOSES STEEP TARIFFS ON CANADA, MEXICO, AND CHINA: HERE'S WHAT YOU NEED TO KNOW
TRUMP IMPOSES STEEP TARIFFS ON CANADA, MEXICO, AND CHINA: HERE'S WHAT YOU NEED TO KNOW
In a bold move, President Trump has signed executive orders imposing tariffs on goods from Mexico, Canada, and China. The tariffs, ranging from 10% to 25%, could have significant consequences for the U.S. and global economies. Here's what you need to know:
- Trump is using the International Emergency Economic Powers Act to impose the tariffs, citing an 'extraordinary threat' from illegal aliens, drugs, and fentanyl.
- Canada and Mexico face a 25% tariff on all goods, while Canada's energy resources will have a lower 10% tariff. China, too, will face a 10% tariff on items.
- The tariffs could lead to higher prices for U.S. consumers on a range of goods, from produce and agricultural products to automobiles.",");