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White House says Trump to impose Canada, Mexico, China tariffs at weekend [Video]

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Canadian Economy and Markets

President Donald Trump will implement tariffs Saturday on the three largest US trading partners — Canada, Mexico and China — the White House said, sparking alarm for global trade.

Trump has reiterated his plans for 25 percent tariffs on neighbors Canada and Mexico, saying they have failed to crack down on illegal migrants crossing the US border and the flow of fentanyl.

He also threatened a 10 percent duty for Chinese goods on the same day, similarly over the drug.

“The February 1st deadline that President Trump put into place at a statement several weeks ago continues,” White House spokeswoman Karoline Leavitt told reporters Friday.

“Both Canada and Mexico have allowed an unprecedented invasion of illegal fentanyl that is killing American citizens, and also immigrants into our country,” she added.

She did not commit to exemptions on sectors, and rejected warnings that this would spark a trade war.

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