Trump Slaps 25% Tariffs on Canada, Mexico, 10% on China in Trade War Salvo

President Donald Trump unleashed the first salvo of his tariff war, with general levies of 25% on Canada and Mexico and 10% on China — the start of a wave of promised trade barrages against foreign allies and adversaries alike.

Trump signed orders for the tariffs Saturday, according to White House officials who briefed reporters on condition of anonymity. The orders also include retaliation clauses that would ramp up tariffs if the countries respond in kind.

Trump cut the levy on imports of Canadian energy to 10%, the official said. The countries are the largest three sources of US imports, accounting for almost half of total volume.

Get More of our proprietary news and analysis as MoneyCentral is now on WhatsApp Channels  Follow the MoneyCentral Nigeria channel on WhatsApp: Click here!