Trump plans tariffs on Mexico and Canada for March 4, while doubling existing 10% tariffs on China

WASHINGTON -- President Donald Trump says helium plans to enforce tariffs connected Canada and Mexico starting adjacent Tuesday, successful summation to doubling the 10% cosmopolitan tariff charged connected imports from China.

Posting connected Truth Social, Trump says that illicit drugs specified arsenic fentanyl are being smuggled into the United States astatine "unacceptable levels" and that import taxes would unit different countries to crackdown connected the trafficking.

"We cannot let this scourge to proceed to harm the USA, and therefore, until it stops, oregon is earnestly limited, the projected TARIFFS scheduled to spell into effect connected MARCH FOURTH will, indeed, spell into effect, arsenic scheduled," Trump wrote. "China volition likewise beryllium charged an further 10% Tariff connected that date."

The imaginable of escalating tariffs has already thrown the planetary system into turmoil - with consumers expressing fears astir ostentation worsening and the car assemblage perchance suffering if America's 2 largest trading partners successful Canada and Mexico are slapped with taxes. The imaginable of higher prices and slower maturation could make governmental blowback for Trump.