A second round of tariffs from Donald Trump starts today with new duties on America's top three trading partners: Canada, China, and Mexico.
There is "no room left for Canada or for Mexico," Trump reiterated Monday afternoon at the White House, saying he wouldn't pare back his tariffs levels on those two countries.
"They're all set," he added.
The president is imposing 25% duties on Canadian and Mexican imports following a 30-day pause. He is also implementing a second round of 10% duties on Chinese imports to increase the blanket tariffs on that nation to 20%.
The president signed an action on Monday afternoon with the new duties against China in an order that charged the country "has not taken adequate steps to alleviate the illicit drug crisis." The duties on Canada and Mexico required no action this week as Trump's previously signed order — with a March 4 deadline — simply went in into effect.
The duties represent a rapid escalation of Trump's tariff plans, which are now set to surpass the economic toll of his entire first term if he keeps them in place.
There is "no room left for Canada or for Mexico," Trump reiterated Monday afternoon at the White House, saying he wouldn't pare back his tariffs levels on those two countries.
"They're all set," he added.
The president is imposing 25% duties on Canadian and Mexican imports following a 30-day pause. He is also implementing a second round of 10% duties on Chinese imports to increase the blanket tariffs on that nation to 20%.
The president signed an action on Monday afternoon with the new duties against China in an order that charged the country "has not taken adequate steps to alleviate the illicit drug crisis." The duties on Canada and Mexico required no action this week as Trump's previously signed order — with a March 4 deadline — simply went in into effect.
The duties represent a rapid escalation of Trump's tariff plans, which are now set to surpass the economic toll of his entire first term if he keeps them in place.
8 months ago
