On Saturday, US President Donald Trump imposed a 25 % tariff on imports from Canada and Mexico and 10 % on imports from China.
The White House confirmed that customs duties apply.
Trump had set the deadline on February 1 for definitions, and linked them to the efforts to curb the flow of fentanel and illegal immigration to the United States. He stated that there is no procedure from Canada, Mexico or China that can prevent the decision.
He pointed out that the oil imports from Canada will be subject to a 10 % tariff instead of 25 %, while an additional tariff was expected to oil, natural gas and other sectors by mid -February.
Definitions affect a large volume of trade between the United States and its most important commercial partners. American companies that import goods from Canada, Mexico and China will now pay higher duties.
The increasing costs may affect industries that depend on the components and imported materials.
Financial markets responded to the tariff declaration with a decrease. Dow Jones Industrial Value closed at 44,544.66, decreased 337.47 points. S&P 500 30.64 points decreased to 6,040.53, while the Nasdaq 54.31 points lost to 19,627.44.
The Canadian dollars and Mexican peso were weakened, and the US treasury revenues rose.
Canada and Mexico stated that they would provide reprisals. Canada plans to impose duties on US imports, while Mexico reviews its response.
China has also stated that it would respond to definitions, but it has not announced specific measures.
The White House confirmed that the details of the definitions will be released later on Saturday. The administration also studies the imposition of duties on European goods, as well as an additional tariff on steel, aluminum and semi -conductors.
Trump traveled to his property in Mar Lago in Florida on Friday evening, and he is expected to work on commercial policy during the weekend.
