Trump to impose tariffs on Canada, Mexico and China on Saturday [Video]

US PRESIDENT DONALD Trump has said he will place 25% tariffs on imports from Canada and Mexico and 10% tariffs on goods from China effective on Saturday.

The move raises the spectre of swift price increases for US consumers as Trump suggested he would try to blunt the impact on oil imports.

Trump had been threatening the tariffs to ensure greater cooperation from the countries on stopping illegal immigration and the smuggling of chemicals used for fentanyl, but he has also pledged to use tariffs to boost domestic manufacturing.

“Starting tomorrow, those tariffs will be in place,” White House press secretary Karoline Leavitt told reporters.

“These are promises made and promises kept by the president.”

Speaking to reporters in the Oval Office later, Trump said there was nothing the three countries could do to prevent the tariffs from going into force on Saturday.

The tariffs carry both political and economic …