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Trump signs order imposing tariffs on Canada, Mexico and China

  • President Donald Trump has signed an order to impose significant tariffs on America's largest trading partners through the International Emergency Economic Powers Act .
  • The order includes a 25 percent tariff on imports from Mexico and Canada, and a 10 percent tariff on Chinese imports.
  • Trump declared a national emergency under the International Emergency Economic Powers Act to support the tariffs, allowing him broad powers to address crises.
  • The White House officials stated that there would be no exclusions from the tariffs, affecting semiconductors, pharmaceuticals, steel, aluminum, and oil and gas.
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BEIJING. China is taking a wait-and-see approach to Trump's tariff hike on Chinese goods. The hope is to strike a deal with Trump and avoid an escalating trade war - the last thing the Communist Party wants at a time when the domestic economy is sluggish.

·Stockholm, Sweden
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Proceso broke the news in Mexico on Friday, January 31, 2025.
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