02.02.2025 18:36 Uhr, Quelle: Engadget

Trump’s tariffs on Mexico, Canada and China could drive up prices of cars, electronics, fuel, food and more

On Saturday evening, Trump signed executive orders to impose tariffs on Mexico, Canada and China under the International Emergency Economic Powers Act (IEEPA), with a White House fact sheet claiming the move is meant to hold the US’ largest trading partners “accountable to their promises of halting illegal immigration and stopping poisonous fentanyl and other drugs from flowing into our country.” The orders put 25 percent additional tariffs on imports from Canada and Mexico, the one exception being that energy products from Canada will be subject to a 10 percent tariff. Imports from China will also face a 10 percent tariff. The broad tariffs are expected to take effect on Tuesday and could have ramifications not only for American businesses, but for consumers too. Mexico, Canada and China are the top suppliers of US goods imports, each accounting for hundreds of billions of dollars’ worth of products coming into the country each year, data from the US Department of Commerce and the US

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