President Donald Trump today said that 25% tariffs on imports from Mexico and Canada will start Tuesday, sparking renewed fears of a North American trade war.
US tariffs against Canada and Mexico that were put on holdduring a last-minute agreement are set to go into effect at midnight and the universal tariff charged on imports from China will double to 20%.
“Tomorrow tariffs 25% on Canada and 25% on Mexico. And that’ll start,” Trump told reporters in the Roosevelt Room. Trump has said the tariffs are to force the two U.S. neighbors to step up their fight against fentanyl trafficking into the U.S.
In addition there will be a 20% tariff on China.
Source:AP/Spectator
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