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Imports from Mexico and Canada will be taxed at 25% and goods from China at 10% – but US consumers are likely to pay priceDonald Trump on Saturday followed through with his promise to place tariffs on Canada, Mexico and China in retaliation over immigrants and illegal drugs that he says enter the US from those countries.The White House said the tariffs would be implemented starting 1 February, but per the president’s executive order, titled Imposing Duties to Address the Flow of Illicit Drugs Across Our Northern Border, the tariffs will go into effect “on or after 12:01 a.m. eastern time on February 4, 2025”. Continue reading…
Imports from Mexico and Canada will be taxed at 25% and goods from China at 10% – but US consumers are likely to pay price
Donald Trump on Saturday followed through with his promise to place tariffs on Canada, Mexico and China in retaliation over immigrants and illegal drugs that he says enter the US from those countries.
The White House said the tariffs would be implemented starting 1 February, but per the president’s executive order, titled Imposing Duties to Address the Flow of Illicit Drugs Across Our Northern Border, the tariffs will go into effect “on or after 12:01 a.m. eastern time on February 4, 2025”.