President Trump on Saturday formally enacted sweeping tariffs on Canada, Mexico and China, fulfilling a long-promised threat to force America’s closest trading partners to pony up.
Canada and Mexico will be hit with a 25% tariff on all imports, while Chinese products will receive a more modest 10% tariff.
The US will also impose 10% tariffs on energy products from Canada, including natural gas, oil and electricity.
The three Executive Orders have a retaliation clause that will boost the tariffs should the three countries respond.
The tariffs are in response to the three nations’ tolerance of illegal immigrants and fentanyl, the later of which has flooded the United States in recent years, leading to the deaths of “tens of millions” of Americans, White House spokeswoman Karoline Leavitt said Friday.