President Donald Trump will impose tariffs on goods from Mexico, Canada, and China starting Saturday, the White House confirmed. The tariffs include a 25% duty on Mexican and Canadian imports and a 10% tariff on Chinese goods.
Trump emphasized the tariffs as part of his trade agenda to curb illegal immigration and fentanyl imports. He is still considering whether the penalties will apply to oil imports. Economists have cautioned that the measures may drive up consumer prices, potentially conflicting with Trump’s pledge to lower inflation.
White House officials did not comment on whether the tariffs might be lifted if prices increase.
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