Trump’s news tariffs: US will get up to $300 bn per year: $125 bn from Canada, $125 bn from Mexico and over $50 bn from China per year
By Andrea Margolis and Patrick WardThe Trump administration is implementing tariffs through its new International Emergency Economic Powers Act (IEEPA).
In a statement obtained by Fox News on Saturday, the White House said that the legislation comes amid an “extraordinary threat posed by illegal aliens and drugs, including deadly fentanyl, constitutes a national emergency.
“President Donald J. Trump is implementing a 25% additional tariff on imports from Canada and Mexico and a 10% additional tariff on imports from China. Energy resources from Canada will have a lower 10% tariff,” the statement read.
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