Trump imposes sweeping tariffs on Canada, Mexico, and China

Feb 02, 2025 05:36 AM - 1 week ago 8932

Emma Roth

Emma Roth is a news writer who covers the streaming wars, user tech, crypto, societal media, and overmuch more. Previously, she was a writer and editor astatine MUO.

The US is officially imposing tariffs connected Canada, Mexico, and China. President Donald Trump announced that equipment imported from Mexico and Canada will look a 25 percent tariff, while equipment from China will look a 10 percent tariff. There will besides beryllium a little 10 percent tariff connected power resources from Canada. In a bid of posts on X announcing the tariffs, the management claimed they were happening to “hold China, Mexico, and Canada accountable for their promises to halt the flood of venomous narcotics into the United States” while many times referencing fentanyl.

The tariffs are expected to person an effect connected a immense swath of goods, ranging from the electronics we usage each time to necessities for illustration clothing, pharmaceuticals, and lithium batteries.

With tariffs successful place, the institution importing the equipment is the 1 that pays the further interest — not the exporting country, as Trump has often claimed. These further fees are typically passed to the consumer successful the shape of higher prices.

“This was done done the International Emergency Economic Powers Act (IEEPA) because of the awesome threat of forbidden aliens and deadly narcotics sidesplitting our Citizens, including fentanyl,” Trump said successful a station connected Truth Social. “We request to protect Americans, and it is my work arsenic President to guarantee the information of all.”

Tariffs were 1 of Trump’s awesome run promises, and he’s floated further ones, for illustration a taxation connected semiconductors from Taiwan. (He’s besides made threats against Denmark and Colombia.) During Trump’s inauguration speech, the president said he will “immediately statesman the overhaul” of the US waste and acquisition system. “Instead of taxing our citizens to enrich different countries, we will tariff and taxation overseas countries to enrich our citizens.”

More