The Trump administration is implementing tariffs by means of its new Worldwide Emergency Financial Powers Act (IEEPA).
In an announcement obtained by Fox Information on Saturday, the White Home mentioned that the laws comes amid an “extraordinary risk posed by unlawful aliens and medicines, together with lethal fentanyl, constitutes a nationwide emergency.
“President Donald J. Trump is implementing a 25% extra tariff on imports from Canada and Mexico and a ten% extra tariff on imports from China. Power assets from Canada can have a decrease 10% tariff,” the assertion learn.
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President-elect Donald Trump speaks at AmericaFest, Dec. 22, 2024, in Phoenix. (AP Photograph/Rick Scuteri)
Fox Information Digital’s Brooke Singman contributed to this report.
