LAST UPDATE !! Canada, Mexico announce retaliatory tariffs on US !!

‘It is going to have real consequences for people, for workers on both sides of our border,’ Trudeau said of Trump’s tariffs.

imports on Saturday in retaliation for U.S. President Donald Trump placing tariffs on the two countries.

Trump had signed an executive order authorizing a 25% additional tariff on imports from Canada and Mexico and a 10% additional tariff on imports from China. Energy imported from Canada, including oil, natural gas and electricity, would be taxed at an additional 10%.

The White House cited the “extraordinary threat posed by illegal aliens and drugs, including deadly fentanyl” that it argues “constitutes a national emergency.” The tariffs will go into effect on Tuesday.

The tariffs, if sustained, could cause inflation to significantly worsen after Trump vowed on the campaign trail to lower the prices of groceries, gasoline, housing, autos and other goods, according to The Associated Press. The tariffs on America’s largest trading partners also risk harming the global economy.

Related Posts

BREAKING: Embattled Federal Reserve Official Admits To ‘Errors’ On Mortgage Filings

BREAKING: Embattled Federal Reserve Official Admits To ‘Errors’ On Mortgage Filings

Lisa Cook, the embattled member of the Federal Reserve’s Board of Governors who is attempting to keep her job after being fired by President Donald Trump over…

Catholic Church Shooter’s Mother Flees Fla. Residence Hours Before FBI Raid

Catholic Church Shooter’s Mother Flees Fla. Residence Hours Before FBI Raid

The missing mom of Catholic church shooter Robin Westman made a panicked dash from her Florida apartment back to Minneapolis hours before it was raided by the…

Rosie O’Donnell Says the Unthinkable After Catholic School Shooting !!

Rosie O’Donnell Says the Unthinkable After Catholic School Shooting !!

Rosie O’Donnell claims the Minneapolis sh*oter was “a white guy, Republican, MAGA person… white supremacist.” Rosie O’Donnell recently made a bold statement regarding the Minneapolis shooter, describing…

Republicans Propose Dividing Calif. Into Two States Over Dem Redistricting

Republicans Propose Dividing Calif. Into Two States Over Dem Redistricting

California Republicans on Wednesday proposed creating a new state from 35 inland counties, a move they said was a response to Democratic redistricting that weakened GOP representation…

Fmr GOP Lawmaker Linked To Shooter In Minn. Catholic School Tragedy

Fmr GOP Lawmaker Linked To Shooter In Minn. Catholic School Tragedy

The shooter who opened fire on a Catholic school Mass in Minneapolis on Wednesday morning has a connection to a former Republican lawmaker. The gunman, identified as…

BREAKING: Noem Unleashes On FEMA Bureaucrats Stalling Disaster Relief Efforts

BREAKING: Noem Unleashes On FEMA Bureaucrats Stalling Disaster Relief Efforts

Homeland Security Secretary Kristi Noem has launched a vigorous defense of the Federal Emergency Management Agency (FEMA) while criticizing a letter from over 190 former and current…