White House Press Secretary Karoline Leavitt confirmed that President Donald Trump will execute tariffs upon Mexico, Canada and China starting Saturday.Trump’s economic plan during his campaign called for extending the 2017 tax cuts and imposing tariffs ranging from 10% to 20% on all imported goods. For countries like China, that number could go up to 60%.TRUMP TREASURY PICK: EXTENDING TRUMP TAX CUTS ‘SINGLE MOST IMPORTANT ECONOMIC ISSUE’These countries will face these tariffs because they have allowed an “unprecedented invasion of illegal fentanyl that is killing American citizens,” according to Leavitt. “The president will be implementing tomorrow a 25% tariff on Mexico, 25% tariffs on Canada, and a 10% tariff on China for the illegal fentanyl they have sourced and allowed to distribute into our country, which has killed tens of millions of Americans,” Leavitt told reporters Friday. “These are promises made and promises kept.”CANADA READIES TRUMP TARIFFS RESPONSE: ‘IN A TRADE WAR, THERE ARE NO WINNERS’While Canadian President Justin Trudeau said Friday that Canada was prepared to respond to any tariffs executed, Leavitt said that the tariffs are not expected to spark a trade war with Canada and that Trump would respond to Trudeau in “due time.”
Source link : https://www.foxnews.com/politics/white-house-impose-tariffs-mexico-canada-china-due-invasion-illegal-fentanyl
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Publish date : 2025-01-31 18:50:00
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White House to impose tariffs on Mexico, Canada and China due to ‘invasion of illegal fentanyl’
