President Donald Trump has announced plans to move forward with new tariffs on Canada, Mexico, and China, according to the White House. The decision reaffirms the president's commitment to the February 1 deadline for implementing these tariffs, which could have significant implications for the economy.
White House press secretary Karoline Leavitt confirmed that the tariffs will involve a 25% duty on Mexico and Canada, as well as a 10% tariff on China. These tariffs are intended to address the issue of illegal fentanyl being sourced and distributed into the United States, resulting in the deaths of tens of millions of Americans.
Leavitt emphasized that these actions are in line with promises made by the president and are part of his administration's efforts to protect American citizens. However, she did not provide specific details on the new tariffs, such as whether they would apply to oil imports or if there would be any additional exemptions granted.
The decision to impose these tariffs comes amid ongoing trade tensions between the United States and its trading partners. The move is likely to have far-reaching consequences for various industries and could impact global trade dynamics.
