The U.S. government has initiated new tariffs on imports from Mexico and Canada, citing a national emergency regarding undocumented immigration and drug trafficking. The tariffs will impose a 25% levy on most Mexican goods and a 10% levy on Canadian energy imports, alongside additional 10% tariffs on certain Chinese goods. The invocation of a rarely-used emergency economic powers law raises legal concerns. This move could significantly affect domestic industries and consumer prices, with unknown long-term implications for the global economy and potential retaliatory actions from affected nations.
Most of the U.S. supply of tomatoes, avocados, and beer comes from Mexico. Auto parts, oil, and gas are among the key Canadian exports to the U.S.
The White House invoked the International Emergency Economic Powers Act, a Carter-era law that gives the president wide-ranging powers in an emergency.
Collection
[
|
...
]