Canada and Mexico brace for Trump tariffs on Saturday – business live
Live, rolling coverage of business, economics and financial markets as US president said he would impose first tariffs of new administration on 1 February
Donald Trump’s White House will invoke emergency powers to introduce tariffs on Canada and Mexico, Reuters reports:
Two sources familiar with the matter said that Trump was expected to invoke the International Emergency Economic Powers Act (IEEPA) as the legal basis for the tariffs, declaring a national emergency over fentanyl overdoses that killed nearly 75,000 Americans in 2023 and illegal immigration.
The statute enacted in 1977 and modified after the 9/11 attacks in 2001 gives the president broad powers to impose economic sanctions in a crisis.
Continue reading...
Read more at The Guardian
Topics
-
Trump says he will impose trade tariffs on Canada and Mexico on Saturday – US politics live
Donald Trump says tariffs will start at 25% and ‘may or may not’ rise over time. Trump’s comments on tariffs also covered China, who he accused of helping to fuel the opioid crisis in the US via ...The Guardian - 17m -
Trump says Canada, Mexico tariffs are coming Saturday. Stocks dived, then rallied.
President Donald Trump offered fresh comments on Thursday afternoon about his threat to hit Canada and Mexico with 25% tariffs. His remarks weighed on stocks.MarketWatch - 13h -
Trump warns Canada, Mexico tariffs are coming on Saturday
President Trump on Thursday said he plans to follow through on Saturday on his threat to impose 25 percent tariffs on goods from Mexico and Canada. "We’ll be announcing the tariffs on Canada and ...The Hill - 14h -
Canada and Mexico can avoid tariffs before Saturday’s deadline, says Trump’s commerce pick
Howard Lutnick testified at his US Senate confirmation hearing for his nomination to head commerce department. US politics live – latest updates Donald Trump’s nominee to run the commerce ...The Guardian - 1d -
Automakers Brace for Impact of Trump Tariff Plan for Canada and Mexico
North American car companies have operated across borders for three decades. Tariffs would raise prices and cost jobs in the short run, analysts say.The New York Times - Jan. 21 -
Trump threatens steep tariffs against Canada and Mexico
President Trump opted against deploying a blanket tariff against U.S. trading partners, but kept the heat on Canada and Mexico.CBS News - Jan. 21 -
Trump threatens 25% tariff within days for Mexico and Canada
Barrage of executive orders resets domestic and foreign policy as new president promises ‘golden age’ for USFinancial Times - Jan. 21 -
Trump says he's thinking of imposing 25% tariffs on Canada and Mexico in February
The remarks were made to members of the press as the newly minted chief executive offered a slew of executive orders.CNBC - Jan. 21 -
Trump threatens 25 percent tariffs on Mexico and Canada starting Feb. 1
President Trump on Monday indicated his administration would impose 25 percent tariffs on imports from Mexico and Canada beginning Feb. 1. “We are thinking in terms of 25 percent on Mexico and ...The Hill - Jan. 21
More from The Guardian
-
Washington DC plane crash live: preliminary report into disaster will be prepared within 30 days, say investigators
National Transportation Safety Board investigators say they will have report into crash within 30 days. Cockpit voice and flight data recorders recovered Champion Russian pair and US skaters ...The Guardian - 16m -
Middle East crisis live: Hamas names three Israeli hostages to be released on Saturday
Palestinian militant group says Ofer Calderon, Keith Siegel and Yarden Bibas will be freed as part of ceasefire deal. Yarden Bibas, one of the hostages announced to be released by Hamas on ...The Guardian - 16m -
Nearly half of Danes see US as threat and 78% oppose Greenland sale, poll shows
Exclusive: More Danish people regard US as a threat than see North Korea or Iran as danger . Almost half of Danish people now consider the US to be a considerable threat to their country and the ...The Guardian - 6h -
Fears grow in Japan for truck driver trapped in sinkhole for third day
Residents near Tokyo question slow pace of effort to rescue 74-year-old as workers race to build 30-metre ramp. Fears are growing for a truck driver who has spent three days trapped inside a ...The Guardian - 2h -
Trump says he will impose trade tariffs on Canada and Mexico on Saturday – US politics live
Donald Trump says tariffs will start at 25% and ‘may or may not’ rise over time. Trump’s comments on tariffs also covered China, who he accused of helping to fuel the opioid crisis in the US via ...The Guardian - 17m
More in World
-
Manchester City to face Real Madrid in Champions League playoff; transfer news: football – live
European playoff draws due to begin at 11am (GMT) Ten things to look out for this weekend | Mail Simon Uefa are still preambling. I have learned that one side of the draw will be silver ...The Guardian - 16m -
Washington DC plane crash live: preliminary report into disaster will be prepared within 30 days, say investigators
National Transportation Safety Board investigators say they will have report into crash within 30 days. Cockpit voice and flight data recorders recovered Champion Russian pair and US skaters ...The Guardian - 16m -
Middle East crisis live: Hamas names three Israeli hostages to be released on Saturday
Palestinian militant group says Ofer Calderon, Keith Siegel and Yarden Bibas will be freed as part of ceasefire deal. Yarden Bibas, one of the hostages announced to be released by Hamas on ...The Guardian - 16m -
Trump says he will impose trade tariffs on Canada and Mexico on Saturday – US politics live
Donald Trump says tariffs will start at 25% and ‘may or may not’ rise over time. Trump’s comments on tariffs also covered China, who he accused of helping to fuel the opioid crisis in the US via ...The Guardian - 17m -
Europe live: Germany’s parliament delays discussion on draft law aimed at controlling migration
Bundestag set to review Influx Limitation Act, which looks to tighten rules in existing laws on residence as Friedrich Merz grapples with rise of far right. in Berlin . The Bundestag debate has ...The Guardian - 19m