Trump Kicks Off Trade War By Slapping Tariffs on Mexico, Canada, and China

In a move poised to raise prices for Americans and kick off an indefinite trade war, President Donald Trump signed an order Saturday night to impose stiff tariffs on imports from Mexico, Canada, and China. The tariffs will go into effect on Tuesday.

The move, which Trump declared a national emergency to make, places a 10% duty on all imports from China and 25% on imports from Mexico and Canada. Energy imported from Canada, including oil, natural gas, and electricity, will have a 10% tax rate….