Trade Masters Chronicle
  • Economy
  • Editor’s Pick
  • Investing
  • Latest News
No Result
View All Result
  • Economy
  • Editor’s Pick
  • Investing
  • Latest News
No Result
View All Result
Trade Masters Chronicle
No Result
View All Result

White House to impose tariffs on Mexico, Canada and China due to ‘invasion of illegal fentanyl’

by
January 31, 2025
in Latest News
0
White House to impose tariffs on Mexico, Canada and China due to ‘invasion of illegal fentanyl’

White House Press Secretary Karoline Leavitt confirmed that President Donald Trump will execute tariffs on Mexico, Canada and China starting Saturday.

Trump’s economic plan during his campaign called for extending the 2017 tax cuts and imposing tariffs ranging from 10% to 20% on all imported goods. For countries like China, that number could go up to 60%.

These countries will face these tariffs because they have allowed an ‘unprecedented invasion of illegal fentanyl that is killing American citizens,’ according to Leavitt. 

‘The president will be implementing tomorrow a 25% tariff on Mexico, 25% tariffs on Canada, and a 10% tariff on China for the illegal fentanyl they have sourced and allowed to distribute into our country, which has killed tens of millions of Americans,’ Leavitt told reporters at a Friday White House press briefing. ‘These are promises made and promises kept.’

Canadian Prime Minister Justin Trudeau said Friday that Canada was prepared to respond to any tariffs executed, and warned there could be ‘disastrous consequences’ for American workers and consumers. 

‘We’re ready with a response, a purposeful, forceful but reasonable, immediate response,’ Trudeau said. ‘It’s not what we want, but if he moves forward, we will also act.’

Meanwhile, Leavitt said that the tariffs are not expected to spark a trade war with Canada and that Trump would respond to Trudeau in ‘due time.’ 

‘The president is intent on doing this,’ Leavitt said. ‘And I think Justin Trudeau would be wise to talk to President Trump directly before pushing outlandish comments like that to the media.’

When asked if Mexico, Canada or China could offer any concessions to remove these new tariffs, Leavitt said Trump would decide at a later date. 

‘If the president at any time decides to roll back those tariffs, I’ll leave it to him to make that decision,’ Leavitt said. ‘The president is intent on ensuring that he effectively implements tariffs while cutting inflation costs for the American people.’ 

House Republicans moved to reintroduce the U.S. Reciprocal Trade Act on Jan. 24, a measure that would permit Trump to unilaterally impose trade taxes on both adversaries and allies. 

Trump previously praised the measure in 2019, claiming it would ‘give our workers a fair and level playing field against other countries.’

Meanwhile, House Democrats Reps. Suzan DelBene, D-Wash., and Don Beyer, D-Va., also introduced their own legislation in January that would block Trump from using emergency powers to implement tariffs, amid concerns that American consumers would end up footing the bill.

‘The American people have clearly and consistently said that the high cost of living is one of their top concerns,’ DelBene said in a statement on Jan. 15. ‘Not only would widespread tariffs drive up costs at home and likely send our economy into recession, but they would likely lead to significant retaliation, hurting American workers, farmers, and businesses.’

The Associated Press and Fox News’ Elizabeth Elkind contributed to this report. 

This post appeared first on FOX NEWS
Previous Post

Trump White House demands apology after Jeffries calls for Dems to fight president’s agenda ‘in the streets’

Next Post

UPS shares tank 15% after weak guidance, plan to slash Amazon deliveries by more than half

Next Post
UPS shares tank 15% after weak guidance, plan to slash Amazon deliveries by more than half

UPS shares tank 15% after weak guidance, plan to slash Amazon deliveries by more than half

  • Trending
  • Comments
  • Latest
Trump’s exaggerated claim that Pennsylvania has 500,000 fracking jobs

Trump’s exaggerated claim that Pennsylvania has 500,000 fracking jobs

October 24, 2024
Buy Bitcoin Under $100K Before The Next Bull Run

Buy Bitcoin Under $100K Before The Next Bull Run

April 22, 2025
Trump asks Supreme Court for urgent ruling on tariff powers as ‘stakes could not be higher’

Trump asks Supreme Court for urgent ruling on tariff powers as ‘stakes could not be higher’

September 4, 2025
Bitcoin Nears $85K Amid Market Optimism

Bitcoin Nears $85K Amid Market Optimism

April 21, 2025
Spencer Pratt says A-listers privately cheer his criticism of California leadership, fear career fallout

Spencer Pratt says A-listers privately cheer his criticism of California leadership, fear career fallout

0
Wendy’s will offer $3 breakfast deal, as rivals such as McDonald’s test value meals to drive sales

Wendy’s will offer $3 breakfast deal, as rivals such as McDonald’s test value meals to drive sales

0
Amal Clooney played key role in ICC arrest warrants for Netanyahu, Hamas leaders

Amal Clooney played key role in ICC arrest warrants for Netanyahu, Hamas leaders

0
Ivan Boesky, inspiration for ‘Wall Street’ villain Gordon Gekko, dead at 87

Ivan Boesky, inspiration for ‘Wall Street’ villain Gordon Gekko, dead at 87

0
Spencer Pratt says A-listers privately cheer his criticism of California leadership, fear career fallout

Spencer Pratt says A-listers privately cheer his criticism of California leadership, fear career fallout

January 31, 2026
IDF says Gaza strikes hit terrorists, weapons facilities after ceasefire breach; hospitals report 30 killed

IDF says Gaza strikes hit terrorists, weapons facilities after ceasefire breach; hospitals report 30 killed

January 31, 2026
Hundreds of political prisoners in Venezuela could be released under new amnesty bill

Hundreds of political prisoners in Venezuela could be released under new amnesty bill

January 31, 2026
US approves massive arms sales to Israel and Saudi Arabia for more than $15 billion amid Middle East tensions

US approves massive arms sales to Israel and Saudi Arabia for more than $15 billion amid Middle East tensions

January 31, 2026
Enter Your Information Below To Receive Trading Ideas and Latest News

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recent News

    Spencer Pratt says A-listers privately cheer his criticism of California leadership, fear career fallout

    Spencer Pratt says A-listers privately cheer his criticism of California leadership, fear career fallout

    January 31, 2026
    IDF says Gaza strikes hit terrorists, weapons facilities after ceasefire breach; hospitals report 30 killed

    IDF says Gaza strikes hit terrorists, weapons facilities after ceasefire breach; hospitals report 30 killed

    January 31, 2026
    Hundreds of political prisoners in Venezuela could be released under new amnesty bill

    Hundreds of political prisoners in Venezuela could be released under new amnesty bill

    January 31, 2026
    US approves massive arms sales to Israel and Saudi Arabia for more than $15 billion amid Middle East tensions

    US approves massive arms sales to Israel and Saudi Arabia for more than $15 billion amid Middle East tensions

    January 31, 2026

    Top News

    Spencer Pratt says A-listers privately cheer his criticism of California leadership, fear career fallout

    Spencer Pratt says A-listers privately cheer his criticism of California leadership, fear career fallout

    January 31, 2026
    IDF says Gaza strikes hit terrorists, weapons facilities after ceasefire breach; hospitals report 30 killed

    IDF says Gaza strikes hit terrorists, weapons facilities after ceasefire breach; hospitals report 30 killed

    January 31, 2026

    Latest News

    • Spencer Pratt says A-listers privately cheer his criticism of California leadership, fear career fallout
    • IDF says Gaza strikes hit terrorists, weapons facilities after ceasefire breach; hospitals report 30 killed
    • Hundreds of political prisoners in Venezuela could be released under new amnesty bill

    About Trade Masters Chronicle

    • About us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 TradeMastersChronicle.com. All Rights Reserved.

    No Result
    View All Result
    • Economy
    • Editor’s Pick
    • Investing
    • Latest News

    Copyright © 2025 TradeMastersChronicle.com. All Rights Reserved.