President Trump announced sweeping tariffs on goods imported from Mexico, Canada and China, sending shocks through the global supply chain and raising fears about consumer costs.

President Donald Trump's long-anticipated trade tariffs — which include new import taxes on goods from China, Canada, and Mexico — were made official on Saturday, according to the White House. Trump told reporters earlier in the week that he planned to impose a 25% tariff on goods from Canada and Mexico to strengthen border policy and a 10% tariff on China to crack down on drug imports.