The elected US President Donald Trump has hit Canada and Mexico with 25% tariffs on imported goods and a 10% tax on China, the White House has confirmed.
However, the energy imports from Canada will have a lower 10% tariff, a statement says. The White House says the tariffs are being implemented in order to tackle the fentanyl crisis in the US.
Canada’s outgoing Prime Minister Justin Trudeau is due to make an announcement at 20:30 EST (1:30 GMT). Hit the Watch Live button at the top of this page to tune in.
Also Read: What you missed about Donald Trump speech?
Furthermore, the tariffs on Canadian and Chinese goods will come into effect from midnight on Tuesday, according to executive orders issued by President Donald Trump. It is unclear whether that deadline applies to Mexico too.
China’s embassy in Washington has said there would be “no winner in a trade war or tariff war.
The imports from Canada will have a lower 10% tariff, a statement says. The White House says the tariffs are being implemented in order to tackle the fentanyl crisis in the US.
In conclusion, Mexico’s President Claudia Sheinbaum said on Friday her country was prepared but would act “with a cool head” if tariffs go ahead.
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