By JOSH BOAK, Associated Press

WASHINGTON (AP) — President Donald Trump says he plans to impose tariffs on Canada and Mexico starting next Tuesday, in addition to doubling the 10% universal tariff charged on imports from China.

Related Articles

USAID workers will be given 15 minutes to clear their workspaces as the agency gets dismantled

As Trump’s deadline to eliminate DEI nears, few schools openly rush to make changes

In lawsuit filing, Pentagon says transgender troops can’t serve unless they meet a warfighting need

Lucas: Dems may have a new leader in Gov. Janet Mills

Supreme Court, for now, blocks order for Trump administration to release billions in US foreign aid

Posting on Truth Social on Thursday, Trump said that illicit drugs such as fentanyl are being smuggled into the United States at “unacceptable levels” and that import taxes would force other countries to crackdown on the trafficking.

“We cannot allow this scourge to continue to harm the USA, and therefore, until it stops, or is seriously limited, the proposed TARIFFS scheduled to go into effect on MARCH FOURTH will, indeed, go into effect, as scheduled,” the Republican president wrote. “China will likewise be charged an additional 10% Tariff on that date.”

The prospect of escalating tariffs has already thrown the global economy into turmoil — with consumers expressing fears about inflation worsening and the auto sector possibly suffering if America’s two largest trading partners in Canada and Mexico are slapped with taxes.

The prospect of higher prices and slower growth could create political blowback for Trump.