American importers will pay a new 25-percent tax on goods from Canada and Mexico and a 10-percent levy on products from China, the president said.

President Donald Trump took action Saturday to impose new tariffs on Canada, Mexico and China, the White House said, which could have a sweeping impact on the American economy. The additional tariffs on Canadian and Mexican goods will be 25 percent,

The White House says President Donald Trump will put in place 25% tariffs on imports from Canada and Mexico and 10% tariffs on goods from China effective on Saturday, The White House on Friday provided no word on whether there would be any exemptions to the measures that could result in swift price increases to U.