Trump To Impose Tariffs On China, Canada And Mexico On Saturday, Sparking Fear Of Trade War

US President Donald Trump has unleashed the first salvo of his tariff war with hefty new duties on America's top three trading partners.

US President Donald Trump announced broad tariffs Saturday (Sunday in Manila) on major US trading partners Canada, Mexico and China, claiming a "major threat" from illegal immigration and drugs — a move that sparked promises of retaliation.

Under the International Emergency Economic Powers Act (IEEPA), a 25% additional tariff will be levied on imports from Canada and Mexico and a 10% tariff on imports from China.

Sheinbaum ordered retaliatory tariffs on Saturday in response to the U.S. decision to slap 25% tariffs on all goods coming from Mexico, as a trade war broke out between the two neighbors.