what are tariffs. tariffs on canada. dow jones stock markets. #trump #donaldtrump #tariffs #us

#trump #donaldtrump #tariffs #us Tramp tariffs take effect Saturday: What to know Trump's plan includes a 25% levy that would be placed on all goods from Canada and Mexico and a 10% tax on imports from China The White House on Friday confirmed that President Donald Trump will implement tariffs on Mexico, Canada and China this weekend. Press secretary Karoline Leavitt said thatTrump will impose a 25% levy on imports from Mexico and Canada and a 10% tariff on imports from China, beginning on Saturday, in response to the "illegal fentanyl that they have sourced and allowed to distribute into our country, which has killed tens of millions of Americans." "These are promises made and promises kept by the president," she said. The comments came just after he signed an executive order titled "America First Trade Policy" which instructed government officials to "investigate the causes of our country’s large and persistent annual trade deficits in goods, as well as the economic and national security implications . . . ," the order said. However, his recent actions against China are far lower than his initial threats he made during his campaign. He pledged a universal 10% to 20% tariff on imports from all foreign countries, along with an additional 60% to 100% tariff specifically on imports from China. tariff what are tariffs tariffs on canada tariffs on canada and mexico tariffs trump trump tarrifs dow jones stock markets what is tariffs