The U.S. President has issued an order to impose tariffs on goods from Canada, Mexico, and China.

Donald Trump has signed decrees imposing significant customs tariffs on imports from Canada, Mexico, and China. This was reported by The Washington Post, as noted by UNN.

Details

According to a White House spokesperson who spoke with journalists, Trump signed a total of three decrees that establish additional tariffs.

The publication highlights that this marks the first step taken by the Trump administration in its second trade war.

Under the trade agreement that Trump signed during his first term, most goods from Canada and Mexico were not subject to tariffs, while many Chinese products faced taxes of up to 25%. It is noted that the new customs tariffs will add extra pressure on importers.

Reminder

In December, before his inauguration, Trump stated that the EU could face tariffs if the bloc does not reduce its growing deficit with the U.S. by making large deals for oil and gas with the world's largest economy.

Additionally, U.S. President Donald Trump declared that he would follow through on his threat to impose a 25% tariff on imports from Canada and Mexico starting this Saturday, February 1. He cited the flow of fentanyl and the large trade deficit as the reasons for his decision.