World awaits Trump tariff deadline on Canada, Mexico and China

WASHINGTON – The global economy is bracing for impact as United States (US) President Donald Trump’s deadline to impose sweeping tariffs on the three largest US trading partners — Canada, Mexico and China — draws near. Trump said shortly after taking office that he planned to introduce 25 per cent tariffs on neighbors Canada and Mexico on February 1, unless they cracked down on illegal migrants crossing the US border and the flow of deadly fentanyl. He is also eyeing an additional 10 percent duty for Chinese goods on Saturday, similarly over fentanyl. While Trump has not specified tools for the new tariffs, analysts have suggested he could tap emergency economic powers — which allow the president to regulate imports during a national emergency. But this could be hindered by lawsuits. (jamaicaobserver)