Trump Unveils Sweeping US Tariffs On Canada, Mexico, China

You’re worried about grocery prices. Don’s raising prices with his tariffs.”

Senate Democratic leader Chuck Schumer of New York, also posting on X, said

If the United States government and its agencies wanted to address the serious fentanyl consumption in their country, they could fight the sale of drugs on the streets of their major cities, which they don’t do, and tackle the laundering of money that this illegal activity generates, which has caused so much harm to its population.”

She added

The economic consequences of such tariffs would be severe for North America, potentially causing significant disruptions to growth and trade relations,

wrote Julian Hinz last week

Justin Trudeauprime Minister

Tonight I am announcing Canada will be responding to the US trade action with 25% tariffs against $155 billion worth of American goods,

Trudeau said

The practice of imposing additional tariffs is not constructive and will inevitably affect and damage future bilateral cooperation on drug control,

a ministry spokesperson said

David Frenchamerican attorney, conservative journalist

As long as these universal tariffs are in place, Americans will be forced to pay higher prices on everyday consumer goods,

said David French, NRF executive vice president of government relations

China hopes that the United States will objectively and rationally view and deal with its own issues like fentanyl, rather than threatening other countries with tariffs at every turn,

they said

Tariffs are a powerful, proven source of leverage for protecting the national interest,

the White House said

We're certainly not looking to escalate. But we will stand up for Canada, for Canadians, for Canadian jobs,

he said, as he warned of a fracture in longstanding Canada-U.S. ties

Wendy Cutleru.S. Trade Representative

The tariff action announced today makes clear that our friends, neighbors and Free Trade Agreement partners are in the line of fire,

said Wendy Cutler, vice president at the Asia Society Policy Institute and a former U.S. trade negotiator

The move today is an opening salvo on the tariff front,

she told AFP

We're going to stand up for what's right."

He told CNN Saturday

Rising trade policy uncertainty will heighten financial market volatility and strain the private sector, despite the administration's pro-business rhetoric,

he said

I do think the markets are going to react to this,

said Mark Malek, chief investment officer at Siebert Financial in New York

This is one of these big geopolitical events that you can’t predict,

said Colin Graham, head of multi-asset strategies at Robeco in London, ahead of Saturday's developments

With any delay in implementation, there will be some view that this is still a negotiating ploy,

said Rick Meckler, partner at Cherry Lane Investments, a family investment office in New Vernon, New Jersey

This alliance endangers the national security of the United States, and we must eradicate the influence of these dangerous cartels.”

It added

The orders make clear that the flow of contraband drugs like fentanyl to the United States, through illicit distribution networks, has created a national emergency, including a public health crisis,

the White House said in a fact sheet on tariffs

The government of Mexico has afforded safe havens for the cartels to engage in the manufacturing and transportation of dangerous narcotics, which collectively have led to the overdose deaths of hundreds of thousands of American victims,

the White House said

A recent study recognized Canada’s heightened domestic production of fentanyl and its growing footprint within international narcotics distribution,

the White House said