By Fox News (Politics) | Created at 2025-02-01 22:41:07 | Updated at 2025-02-02 01:49:40
3 hours ago
The Trump administration is implementing tariffs through its new International Emergency Economic Powers Act (IEEPA).
In a statement obtained by Fox News on Saturday, the White House said that the legislation comes amid an "extraordinary threat posed by illegal aliens and drugs, including deadly fentanyl, constitutes a national emergency.
"President Donald J. Trump is implementing a 25% additional tariff on imports from Canada and Mexico and a 10% additional tariff on imports from China. Energy resources from Canada will have a lower 10% tariff," the statement read.
President-elect Donald Trump speaks at AmericaFest, Dec. 22, 2024, in Phoenix. (AP Photo/Rick Scuteri)
Fox News Digital's Brooke Singman contributed to this report.
Andrea Margolis is a writer for Fox News Digital and Fox Business. Readers can send story tips to andrea.margolis@fox.com.
