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

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Canadian Economy and Markets

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

Trump has reiterated plans for 25 percent tariffs on neighbors Canada and Mexico on Saturday, unless they cracked down on illegal migrants crossing the US border and the flow of deadly fentanyl.

He was also threatening an additional 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.

She added that the issue remains the flow of illegal fentanyl.

While Trump has not specified tools he would use, analysts have suggested he could tap emergency economic powers, which allow the president to regulate imports during a national emergency. But this could be …

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