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[7] [8] The Canadian government had previously said that U.S. gas prices could increase by US$0.75 per gallon overnight if tariffs were imposed. [7] Tariffs could also increase the cost of electricity in some U.S. states, especially those that rely on Canadian provinces like Ontario, Quebec, and British Columbia for energy. [7]
Trump signed orders on Saturday evening, imposing 25% tariffs on imports from Mexico and Canada (though Canadian energy faces a lower tariff of 10%) and 10% tariffs on goods from China.
Since the 1980s, Trump has argued that foreign nations were "ripping off" Americans on trade matters. After he became president in 2017 and again in 2025, he imposed tariffs against foreign countries in retaliation, incorrectly insisting those countries pay his tariffs. However, the tariffs are paid by American importers in practice. [2]
By Cassandra Garrison. MEXICO CITY (Reuters) - If U.S. President Donald Trump follows through on his pledge to slap 25% tariffs on imports from Mexico it could usher in a volatile new chapter in ...
On Saturday, President Donald Trump made good on his promise to impose steep tariffs on America’s three largest trading partners — Canada, China and Mexico — citing a national emergency on ...
Imposing tariffs on Mexico and Canada could pile even more retaliatory action on the industry. Chris Swonger, the council’s president and CEO, said he appreciates the goal of protecting U.S. jobs.
Trump will impose 25% tariffs on goods from Canada and Mexico, a decision he said he hopes decreases the amount of fentanyl and migrants coming into the U.S. across their borders. The president ...
After the World Trade Organization gave the U.S. a green light to impose tariffs because of subsidies from the governments of Spain, France, Germany, and the United Kingdom to Airbus, European Commission spokesperson Daniel Rosario threatened retaliatory measures if the United States imposes a US$7.5 billion (€6.823 billion) tariff on ...