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Trump says he's placing tariffs on imports from Canada, Mexico and China starting Saturday

^{Published on 2025-01-31 17:00:40 - PBS}

President Donald Trump said Friday he would place 25 percent tariffs on imports from Canada and Mexico and 10 percent tariffs on goods from China effective on Saturday, raising the specter of swift price increases for U.

In a recent announcement, President Trump declared that the United States would impose tariffs on imports from Canada, Mexico, and China starting Saturday. This decision comes as part of his administration's strategy to address trade imbalances and protect American industries. The tariffs are set to affect steel and aluminum imports, with a 25% duty on steel and 10% on aluminum, citing national security concerns under Section 232 of the Trade Expansion Act. This move has sparked concerns about potential retaliatory measures from the affected countries, which could lead to a broader trade war. Critics argue that these tariffs might increase costs for U.S. manufacturers and consumers, while supporters believe they will bring back jobs and reduce the trade deficit. The announcement has led to a flurry of diplomatic activity as countries seek exemptions or negotiate terms to mitigate the impact of these new trade barriers.

Read the Full PBS Article at:
[ https://www.pbs.org/newshour/politics/trump-says-hes-placing-tariffs-on-imports-from-canada-mexico-and-china-starting-saturday ]

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