Trump imposes tariffs on Mexico, Canada, and China
Source: The Verge
President Donald Trump has followed through on his temporarily delayed tariff threats. The US will impose a 25 percent tariff on goods imported from Mexico and Canada, while China will face an additional 10 percent tariff on top of the 10 percent tax previously enacted.
On Monday, Trump dashed hopes that a deal could be made to prevent the US from imposing tariffs on Mexico and Canada. “No room left for Mexico or for Canada,” Trump said during a press conference. “They’re all set. They go into effect tomorrow.”
The tariffs are expected to raise the prices of a range of products in the US, including food, clothing, fuel, lithium batteries, and more. Canadian Prime Minister Justin Trudeau said the country will retaliate with tariffs of its own, and Mexico has hinted at doing the same.
