WASHINGTON – President Donald Trump is set to implement tariffs on Canada, Mexico and China on Saturday, potentially launching a trade war that is likely to lead to rising prices for groceries and many other products .

White House press chief Karoline Leavitt said at a briefing Friday that Trump will place a 25% tariff on goods entering the US from Canada and Mexico, and a 10% tariff on imports from China. Tariffs are paid by companies bringing goods from other countries to the US, often taking over an increase in costs to consumers.

“There are tariffs in Canada tomorrow, and the reason is that both Canada and Mexico are unprecedented invasion of illegal fentanyl, killing American citizens and illegal immigrants to our country. Because we allowed it,” Leavitt said.

Trump has yet to decide whether to implement tariffs on the European Union later. 27 countriesaccording to Leavitt.

“When it comes to the European Union, we’re not ahead of the president when it comes to tariffs,” she said.

Trump said later Friday that he had not used tariffs as a negotiation tool from his oval office, but as a way to raise federal revenue and bring attention to fentanyl flowing through the country.

“We’re not looking for concessions, we just look at what happens,” Trump said.

New tariffs will be stacked on top of existing tariffs, he said.

Trump plans to add additional tariffs at some point on computer chips and “things related to chips,” oil and gas, steel, aluminum, copper, medicine, “all forms of medicine.” I stated.

Trump said he likely would implement oil and gas tariffs on February 18, but did not provide dates to other tariffs.

Trump put aside questions about how tariffs will affect prices. He said he was elected to reduce inflation. He said Friday afternoon he was not worried about the stock market’s reaction to the imminent tariffs.

Many economists, including conservative think tank economists like the American Enterprise Institute, warn against widespread adoption of tariffs in this way.

Phil Graham, former Republican chair of the Senate Banking Committee and a senior non-resident fellow of AEI, and former Treasury Secretary Larry Summers, Larry Summers, during the Clinton administration; I wrote an OPEED published by the Wall Street Journal Thursday urges Trump not to enforce tariffs.

“Our united opposition to tariffs that are not related to defense is based on evidence that tariffs are harmful to the economy, not our belief in free trade,” they write.

“Protective tariffs distort domestic production by domestic producers committing labor and capital to produce goods and services that could have been acquired cheaper in international markets,” Gramm and Summers said. I am writing. “That labour and capital will be diverted from the production of goods and services that could not be acquired internationally at a cheaper price. In the process, productivity, wages, economic growth will fall, and prices will rise. The tariffs and the retaliation they bring also poison our economic and security alliances.”

Levitt said in a media briefing that only Trump could decide whether to ultimately lift or change tariffs.

The USDA Economic Research Service is Website Canada and Mexico are “the first and third suppliers of agricultural products in the United States (averages of $30.9 billion and $25.5 billion for 2017-21, respectively).

“Mexico has supplied the US with 31% of imported horticultural products, including fruits, vegetables and alcoholic beverages. Canada is also the source of grain, meat and meat.”

The US Trade Representative’s office writes about it. Website The US imported goods worth $562.9 billion from China in 2022.

US agricultural exports to China, which could be affected by retaliatory tariffs, totaled $36.4 billion in 2022. According to USDA’s foreign agricultural services.

“US exports have returned to the growth of trends experienced since joining the People’s Republic of China (PRC)’s World Trade Organization (WTO). Over the past two years, the US has made its way to China for soybeans, corn and beef. We witnessed record export value of chicken, nuts and sorghum. Cotton exports to China have also been rebounded and are driven by strong demand. All of these products have been a major contribution to the US farm economy. I’m a person.”

Ashley Murray contributed to this report.

Last updated at 4:27pm, January 31, 2025