President Donald Trump has signed an order to impose stiff tariffs on imports from Mexico, Canada, and China. President Trump is declaring an economic emergency to put duties of 10% on all imports from China and 25% on imports from Mexico and Canada — America’s largest trading partners — except for a 10% rate on […]
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Trump Signs Order Imposing Tariffs On China, Mexico, and Canada
President Donald Trump has signed an order to impose stiff tariffs on imports from Mexico, Canada, and China. President Trump is declaring an economic emergency to put duties of 10% on all imports from China and 25% on imports from Mexico and Canada — America’s largest trading partners — except for a 10% rate on Canadian oil. The move fulfills Mr. Trump’s campaign promise but also raises the prospect of increased prices for American consumers. The White House says the order also includes a mechanism to escalate the rates if the countries retaliate as they have threatened.