President Donald Trump issued an executive order on Saturday night imposing substantial tariffs on imports from Mexico, Canada, and China, according to the Daily Mail.
In a social media post, the Republican president justified the move as a measure to “protect Americans,” urging the three nations to take stronger action against the production and export of illicit fentanyl.
He also called on Canada and Mexico to step up efforts to curb illegal immigration into the United States.
If these tariffs remain in place, they could drive inflation higher. The prices of groceries, gasoline, housing, autos and other goods will most likely increase.Read More Below
