New Trump tariffs on Mexico, Canada and China set to start Tuesday

President Donald Trump moved forward Saturday with his plans for tariffs on Canada, Mexico and China, ending a guessing game about how aggressively he would move to penalize America’s three largest trading partners.

The tariffs — as Trump has promised since after his election win — will be 25% duties on Canada and Mexico and 10% on China over issues of fentanyl and illegal migration.

The duties on all three countries will be fully in force by Tuesday, Feb. 4, according to the orders signed by Trump Saturday afternoon in Florida.

But tariffs on crucial energy imports from Canada will be lower, with 10% duties on those products. The carveout was an acknowledgment of US and Canadian energy interdependence.

Source: FINANCE.YAHOO

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