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The Trump administration is implementing tariffs through its new International Law on Emergency Economic Powers (IEEPA).
In a statement obtained by Fox News on Saturday, the White House said that the legislation occurs in the midst of an “extraordinary threat raised by foreigners and illegal drugs, including mortal fentanyl, constitutes a national emergency.
“President Donald J. Trump is implementing an additional 25% tariff on the imports of Canada and Mexico and an additional 10% rate on China’s imports. Canada’s energy resources will have a lower rate of 10%,” Read in the statement.
Reagan National Airport Crash: Black Hawk Military Helicopter collides in the air with American Airlines Jet
The president -elect Donald Trump speaks in Americafest, on December 22, 2024, in Phoenix. (AP Photo/Rick Scuors)
Brooke Singman of Fox News Digital contributed to this report.
