US President Donald Trump signs executive orders at the White House Oval Office in Washington, the United States, January 30, 2025.
Elizabeth Franz Reuters
At a clear end to weeks of intense speculation, the White House confirmed on Friday that President Donald Trump will settle the aggressive customs tariffs this week on the main American commercial partners.
Caroline Levitt, the White House press secretary, said that Trump will settle a 25 % tariff on Mexico and Canada in addition to a 10 % duty in China, in response to “the illegal fentanel they obtained and allowed them to distribute in our country.”
The White House provided a few details about how to face the drawings, saying it would be available for public inspection at some point on Saturday.
The shares, which were positive earlier in the session, fell on the news, as they sent the Dow Jones industrial average to more than 200 points, or about 0.5 %. However, the S&P 500 and Nasdaq remained a positive compound.
“These promises were made and the promises kept by the president,” Levitte said.
There was no word on possible definitions exemptions. The White House denied the Reuters report earlier that there will be in renting some exceptions instead of just blanket measures covering all products.
Together, the United States together is about $ 1.6 trillion of annual business with the three countries. Trump seeks to use customs tariffs, as each of the bargaining segments and methods of influencing foreign policy changes, specifically immigration and drug trafficking issues.
“We got Super Bowl, and frightening, the amount of people fits with (New Orleans) SuperDome is almost equal to the number of people who die every year here in America from Ventanil, and comes from China, Peter Navarro, Trade Trading Adviser, told CNBC in an interview in Earlier on Friday.
This is urgent news. Please update for updates.
