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Trump signs tariff orders on Canada, Mexico, and China |
US President Donald Trump signed an executive order on Saturday imposing 25% tariffs on goods from Mexico, as well as 25% on goods from Canada, except for Canadian energy resources which will face 10% in tariffs. The duties on Canada will take effect on Tuesday.
The document also imposes a 10% tariff on imports from China.
Further measures possible
According to the White House, the executive order includes a retaliation clause, meaning further measures are possible if the targeted countries respond with measures of their own.
The move hits America's biggest trading partners. In 2023, Canada and Mexico bought US goods and services worth $808 billion (€768 billion), according to the US Department of Commerce's Bureau of Economic Analysis.
At the same time, Canada and Mexico sent $1.01 trillion worth of goods to the US. The US trade deficit with Canada is over $40 billion, while the trade deficit with Mexico is over $162 billion.
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