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China responds with tariffs on US goods after Trump’s tariffs on Chinese imports

Rep. Pat Fallon, R-Texas, discusses how Canada and Mexico caved to President Donald Trump’s tariff pressure on ‘The Bottom Line.’

China imposed tariffs on some U.S. imports early Tuesday morning in response to new tariffs President Donald Trump placed on Chinese goods beginning at midnight.

Trump had signed an executive order authorizing a 10% additional tariff on imports from China.

The order also included a 25% additional tariff on imports from Canada and Mexico, and an additional 10% tax on energy imported from Canada, including oil, natural gas and electricity. The president has since agreed to a 30-day pause on the tariffs on Mexico and Canada.

The additional 10% tariff on all Chinese imports into the U.S. went into effect on Tuesday after Trump warned Beijing it was not doing enough to stop fentanyl from being trafficked into the country. Trump plans to speak to Chinese President Xi Jinping later in the week, according to the White House.

AUTOMOTIVE GROUPS REACT TO TRUMP TARIFFS ON IMPORTS FROM CANADA, MEXICO, CHINA

China imposed tariffs on some U.S. imports on Tuesday in response to new tariffs President Donald Trump put on Chinese goods. (Ton Molina/Bloomberg via Getty Images / Getty Images)

China’s Finance Ministry said shortly after the tariff started that it would impose a tariff of 15% for coal and liquefied natural gas and 10% for crude oil, agricultural equipment and large-engine cars imported from the U.S.

An anti-monopoly investigation into Alphabet Inc’s Google was also announced, while including both PVH Corp., the holding company for Calvin Klein and other brands, and U.S. biotechnology company Illumina on its “unreliable entities list.”

Additionally, China’s Commerce Ministry and its Customs Administration revealed it is imposing export controls on some rare earths and metals that are critical for high-tech gadgets and the clean energy transition.

The new tariffs on U.S. goods will start on Feb. 10, according to the ministry.

President Donald Trump is expected to speak with Chinese President Xi Jinping later this week, the White House said. (Chip Somodevilla/Getty Images / Getty Images)

During Trump’s first term, he started a two-year trade war with China over its massive U.S. trade surplus, with each side imposing tariffs on hundreds of billions of dollars worth of goods, hurting global supply chains and damaging the world economy.

Trump had warned he might continue to increase tariffs on China unless it blocked the flow of fentanyl into the U.S.

CHINA THREATENS TO RETALIATE AGAINST TRUMP TARIFFS

China has said it would challenge the tariffs at the World Trade Organization and look for other countermeasures. (Reuters/Brian Snyder/File Photo / Reuters Photos)

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“China hopefully is going to stop sending us fentanyl, and if they’re not, the tariffs are going to go substantially higher,” the president said Monday.

China has said the flow of fentanyl is a U.S. problem and that it would challenge the tariffs at the World Trade Organization and look for other countermeasures, although it also left the door open for dialogue.

Reuters contributed to this report.

February 4, 2025
Trump agrees to pause Canadian tariffs, Trudeau says

President Donald Trump will pause additional tariffs on Canadian imports for 30 days following a call with Prime Minister Justin Trudeau, who made some concessions to temporarily stave off the levies.

Trump and Trudeau spoke via phone Monday, hours before additional 25% tariffs were to take effect on Canadian goods coming into the United States. In a post on X, Trudeau said Canada will implement a $1.3 billion border plan and will appoint a fentanyl czar.

In addition, Canada will reinforce its border with new helicopters, technology, personnel and enhanced coordination with American authorities. He added that nearly 10,000 personnel are and will be working on border protection.

TRUMP DEFENDS TARIFFS, ACCUSES CANADA OF BEING ‘VERY ABUSIVE OF THE UNITED STATES’

President Donald Trump (L) talks with Canada’s Prime Minister Justin Trudeau during the plenary session of the NATO summit at the Grove Hotel in Watford, northeast of London on December 4, 2019. (Nicholas Kamm)

“We will list cartels as terrorists, ensure 24/7 eyes on the border, launch a Canada- U.S. Joint Strike Force to combat organized crime, fentanyl and money laundering,” Trudeau wrote. “I have also signed a new intelligence directive on organized crime and fentanyl and we will be backing it with $200 million.”

“Proposed tariffs will be paused for at least 30 days while we work together,” he added.

Trump has long said Canada and Mexico have failed to do enough to prevent the flow of illegal migrants and drugs, particularly fentanyl, from those nations into the U.S. In addition, Trump claims the U.S. has subsidized Canada to the tune of $200 million annually.

‘OVERDOSE EPIDEMIC’: BIPARTISAN SENATORS TARGET FENTANYL CLASSIFICATION AS LAPSE APPROACHES

Fentanyl seized in Nogales, Arizona. Border agents and officers seized more than 1,900 pounds of the illicit drug in October 2022. (CBP)

“We need to protect Americans, and it is my duty as President to ensure the safety of all,” Trump said Saturday, when he imposed the tariffs. “I made a promise on my Campaign to stop the flood of illegal aliens and drugs from pouring across our Borders, and Americans overwhelmingly voted in favor of it.”

Hours before his call with Trudeau, Mexican President Claudia Sheinbaum said she would deploy 10,000 troops to the U.S.-Mexico border over tariff threats.

Trump has promised to impose a 25% tariff on all Canadian and Mexican goods, as well as a 10% tariff on Canadian energy; and a 10% tariff on all goods entering the U.S. from China. The tariffs on Canada and China were set to go into effect Tuesday at midnight.

Trucks pass over the Blue Water Bridge at the border crossing with the US in Sarnia, Ontario, on February 3, 2025. US President Donald Trump said he will discuss the punishing tariffs he has levied on Canada and Mexico with both countries on Monday, after arguing that Americans may feel economic “pain” from the 25 percent duties but that it will be “worth the price.” (Photo by Geoff Robins / AFP) (Photo by GEOFF ROBINS/AFP via Getty Images) (AP)

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Threats prompted leaders in multiple Canadian provinces to pledge to remove American alcohol from store shelves.

February 3, 2025
What food will be impacted by Trump’s tariffs

O’Leary Ventures Chairman Kevin O’Leary joins ‘Fox & Friends’ to discuss his conversation with President Donald Trump regarding the tariffs on Canada and Mexico and Elon Musk’s claim the U.S. Treasury approved fraudulent payments.

A swath of foods will be impacted by sweeping tariffs the U.S. is placing on major trading partners in an effort to curb the flow of drugs and illegal immigrants into the country, according to experts.

With grocery retailers already operating on razor-thin profit margins – often ranging from 1% to 5% – such businesses may be inclined to pass costs on to customers, according to Kelly Beaton, the chief content officer at The Food Institute.

While tariffs on Mexican imports are suspended for one month, the U.S. is still following through on plans to impose a 25% tariff on imports from Canada as well as a 10% tariff on imports from China in response to the “threat posed by illegal aliens and drugs, including deadly fentanyl,” the White House said in a statement.

TRUMP TARIFFS TAKE EFFECT SATURDAY: WHAT TO KNOW

Canada retaliated with a 25% levy on U.S. imports that would take effect on Tuesday, and the Chinese government, which is also challenging Trump’s move, plans to take “respective countermeasures to reliably defend its rights and interests,” according to reports.

A customer shops at a grocery store on Feb. 13, 2024, in Chicago. (Scott Olson / Getty Images)

When tariffs are implemented, including ones pending against Mexico, the institute said that food and beverage products “will soon cost more,” according to Beaton, who referenced Mexican avocados, Mexican beers from brands like Modelo and Corona, Canadian maple syrup and Canadian grain as examples.

She also added that the “consensus seems to be that cereal could also soon cost more in America, since it’s a common import from all three countries that Trump has targeted with tariffs.”

TRUMP’S PROPOSED TARIFFS COULD DRIVE UP FOOD PRICES, EXPERTS SAY

There will be an impact on imported dairy, meat and various vegetables too, though it’s hard to pinpoint what that will look like, experts say.

The U.S. gets a significant amount of its hogs and beef imports from Canada, so there “will undoubtedly” be higher costs tied to importing these animals and will likely lead to higher prices for beef and pork in America, Beaton said. In 2022, the U.S. imported more than $37 billion worth of agricultural products from Canada, according to the U.S. Agriculture Department.

A shopper inside a grocery store in San Francisco on May 2, 2022. (David Paul Morris/Bloomberg via / Getty Images)

Sylvain Charlebois, professor and senior director of the Agri-Food Analytics Lab, also highlighted the threat to meat prices given how reliant the U.S. is on Canada for such products, especially beef and pork.

“Canada is a key supplier to the U.S. meat market, and any added costs from tariffs could push up prices for American consumers,” Charlebois said, adding that the U.S. is already struggling to maintain beef supply due to drought and production issues.

Restricting Canadian imports will only “tighten the market further and contribute to inflation in this category,” Charlebois added.

There also may be “noticeable price increases” for seafood, particularly lobster and snow crab, especially in coastal regions where Canadian seafood is common. Stores may be forced to seek alternative sources, which could result in either higher prices for consumers, or they may cut back on inventory, Charlebois said.

But fresh produce is also at risk. For instance, greenhouse-grown vegetables from Canada, such as tomatoes, peppers and cucumbers play a significant role in U.S. grocery supply, particularly during colder months.

A shopper inside a Dollar General Market store in Saddlebrook, New Jersey, on Feb. 29, 2024. (Gabby Jones/Bloomberg via / Getty Images)

Regardless, the bigger issue, Charlebois said, is that the “broader impact of these tariffs could exacerbate food inflation in the U.S.” at a time when households are already struggling with grocery prices.

“While the full effect will depend on how retailers and suppliers respond, the tariffs are almost certain to increase costs for U.S. consumers, particularly in categories where Canada plays a crucial role in supply. This move could further strain household budgets, particularly for middle- and lower-income Americans who are already dealing with rising costs of living,” Charlebois continued.

TRUMP’S PROPOSED TARIFFS COULD DRIVE UP FOOD PRICES, EXPERTS SAY

Democrats and opponents have long argued that the cost of the tariffs would just be passed on to American consumers. Over the past several months, many retailers have raised concerns about the prospect of tariffs pumping up the costs of their products or even forcing them to cut back on inventory.

Trump said in a social media post on Sunday that there could “be some pain” for Americans but that “it will all be worth the price that must be paid.”

The White House said in a statement that the levies are a tactic for Trump “to hold Mexico, Canada, and China accountable to their promises of halting illegal immigration and stopping poisonous fentanyl and other drugs from flowing into our country.”

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The tariffs are sending a message “that the flow of contraband drugs like fentanyl to the United States, through illicit distribution networks, has created a national emergency, including a public health crisis,” the White House said.

February 3, 2025
Ontario ‘ripping up’ Starlink contract over Trump’s tariffs

Canadian Energy and Resource Minister Jonathan Wilkinson on the relationship with the U.S., and trade conversations between Prime Minister Trudeau and President Donald Trump.

Ontario Premier Doug Ford said his province is “ripping up” its $68 million contract with Elon Musk’s Starlink over President Donald Trump’s looming tariffs, adding that Ontario “won’t do business with people hellbent on destroying our economy.”

Ford made the announcement Monday as Trump’s 25% tariffs on Canada are now just hours away from going into effect. The White House said it is implementing the tariffs to hold Canada accountable “to their promises of halting illegal immigration and stopping poisonous fentanyl and other drugs from flowing into our country.” Canada, meanwhile, is vowing retaliation.

“We’ll be ripping up our contract with Elon Musk’s Starlink. Ontario won’t do business with people hellbent on destroying our economy,” Ford said, arguing that the tariffs “will hurt America and make Americans poorer.

“They will see inflation, they will see interest rates go up, they will see less money in their pockets,” he said during a speech in the Toronto area. “Now, Canada has no choice but to hit back and hit back hard.”

HOW TRUMP’S TARIFFS CLOSED THE LOOPHOLE USED BY CHINESE RETAILERS

Ontario Premier Doug Ford, left, says his province has “ripped up” a contract with Elon Musk’s Starlink over President Donald Trump’s looming tariffs. (Steve Russell/Toronto Star/Chip Somodevilla/Getty Images/Bloomberg/Getty Images / Getty Images)

Ontario signed the contract with Starlink in November in order to provide high-speed internet access to 15,000 eligible homes and businesses in rural, remote and northern Ontario by June, according to the CBC.

Starlink, which is a division of Musk-owned SpaceX, did not immediately respond Monday to a request for comment by FOX Business.

STOCKS REGAIN SOME LOSSES ON MONDAY AFTER PRESIDENT TRUMP SUSPENDS TARIFFS ON MEXICO FOR ONE MONTH

Elon Musk, the Chief Engineer of SpaceX, speaking about the Starlink project during the second day of Mobile World Congress 2021 in Barcelona, Spain. (Joan Cros/NurPhoto via Getty Images / Getty Images)

Ford added Monday, “Starting today and until U.S. tariffs are removed, Ontario is banning American companies from provincial contracts,” noting that they “will now lose out on tens of billions of dollars in new revenues” and “They only have President Trump to blame.”

“There are more problems in the world than attacking your closest friend,” Ford said this morning during an appearance on “Fox & Friends.” “We are your allies, we are your friends. We need to build a strong two nations, not fight each other – it benefits China, that’s what it does.”

During his speech today outside of Toronto, Ford said, “Friends, there is no sugarcoating it, the coming days and weeks will be incredibly difficult.

U.S. President-elect Donald Trump greets Elon Musk as he arrives to attend a viewing of the launch of the sixth test flight of the SpaceX Starship rocket on Nov. 19, 2024 in Brownsville, Texas. (Brandon Bell/Getty Images / Getty Images)

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“Trump’s tariffs are going to devastate our economy. These tariffs will put up to 450,000 jobs at risk from every sector and every region. No one will be immune, everyone will feel the impact,” he added.

FOX Business’ Christopher Guly contributed to this report.

February 3, 2025
Auto groups react to Trump tariffs on imports from Canada, Mexico, China

Canadian Energy and Resource Minister Jonathan Wilkinson on the relationship with the U.S., and trade conversations between Prime Minister Trudeau and President Donald Trump.

President Donald Trump over the weekend announced planned tariffs on imports from Canada, Mexico and China that could affect automakers.

Trump’s executive order sought to bring a 25% tariff on imports from Canada and Mexico and a 10% levy on imports from China starting Tuesday.

Trump said on Monday he will pause tariffs on Mexico for one month after the country’s president, Claudia Sheinbaum, agreed to deploy 10,000 troops to the U.S.-Mexico border. Trump said Secretary of State Marco Rubio, Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick will negotiate with high-level representatives of Mexico.

President Donald Trump said on Monday he will pause tariffs on Mexico for one month after Mexican President Claudia Sheinbaum agreed to deploy 10,000 troops to the U.S.-Mexico border. (Emmanuel Rosas/ObturadorMX/Getty Images | Allison Robbert-Pool/Getty Images / Getty Images)

STOCKS SINK MONDAY AFTER TRUMP’S TARIFFS ON CANADA, MEXICO AND CHINA

What Automakers are Saying

Matt Blunt, the president of the American Automotive Policy Council whose members include Ford, General Motors and Stellantis, said Monday in a statement to FOX Business that the association “continue[s] to believe that vehicles and parts that meet the [United States-Mexico-Canada Agreement’s] USMCA’s stringent domestic and regional content requirements should be exempt from the tariff increase.”

“Our American automakers, who invested billions in the U.S. to meet these requirements, should not have their competitiveness undermined by tariffs that will raise the cost of building vehicles in the United States and stymie investment in the American workforce,” he added.

A General Motors worker is shown on the assembly line at the General Motors Lansing Delta Township Assembly Plant on Feb. 21, 2020 in Lansing, Michigan. (Bill Pugliano/Getty Images / Getty Images)

The Alliance for Automotive Innovation did not return FOX Business’ request for comment. Toyota declined to comment.

CHINA THREATENS TO RETALIATE AGAINST TRUMP TARIFFS

Autos Drive America counts a dozen international automakers among its members, including Honda, BMW, Hyundai, Mazda, Mercedes-Benz, Nissan, Volkswagen and others.

Vehicles for sale at an AutoNation Honda dealership in Fremont, California, on June 24, 2024. (David Paul Morris/Bloomberg via Getty Images / Getty Images)

“The North American auto industry is highly integrated and the imposition of tariffs will be detrimental to American jobs, investment, and consumers,” Autos Drive America CEO Jennifer Safavian said Saturday in a press release, arguing they “undermine” the USMCA.

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“We urge all parties to reach a swift resolution in order to provide clarity and stability for the entire U.S. auto industry,” she said. “U.S. automakers would be better served by policies that reduce barriers for manufacturers, ease regulations that hinder production, and create greater export opportunities – policies that we look forward to working with President Trump to enact.”

February 3, 2025
How Trump’s tariffs closed the loophole used by Chinese retailers

‘The Big Money Show’ panelists weigh in on President Donald Trump’s tariff threats and their impact on the global economy.

President Donald Trump’s new tariffs include a provision that suspends a key trade loophole that Chinese retailers like Shein and Temu have utilized to expand their access to U.S. consumers and has been criticized for allowing shipments of fentanyl precursors to enter the country.

Trump’s executive orders imposing tariffs on China, Canada and Mexico effective Tuesday included language suspending the so-called “de minimis” loophole that allows shipments of imports valued at less than $800 to enter the U.S. without duties and taxes from those three countries. Trump on Monday paused tariffs on Mexico for one month after the country’s president, Claudia Sheinbaum, agreed to send 10,000 troops to the U.S.-Mexico border.

The de minimis rule reduces administrative burdens on low-cost imports. In 2015, the Obama administration lifted the waiver threshold from $200 to the current $800 – which resulted in shipments claiming the de minimis waiver increasing by over 600% in the last decade to more than 1 billion items in fiscal year 2023, according to data from U.S. Customs and Border Protection (CBP).

Chinese e-commerce giants Shein and Temu have seen rapid growth in the U.S. market through de minimis shipments of fast fashion, toys and other consumer goods to cost-conscious consumers. A report by the Congressional Research Service (CRS) noted that Shein and Temu combined to comprise about 17% of the U.S. discount market as of November 2023.

PRESSURE FROM SHEIN, TEMU ACCELERATE RETAIL CLOSURES

Chinese e-commerce platforms Shein and Temu have utilized the de minimis loophole. (Davide Bonaldo/SOPA Images/LightRocket via Getty Images | Jakub Porzycki/NurPhoto / Fox News)

The rise of Shein and Temu has contributed to an increase in U.S. retail store closures, according to a report by Coresight Research. It estimated that about 15,000 closures will occur in 2025 after there were 7,323 closures in 2024 – which was the highest number of closures since 2020, when nearly 10,000 stores shut down.

The reduced scrutiny of de minimis shipments has also been linked to the smuggling of fentanyl, a synthetic opioid that killed nearly 75,000 people in 2023.

An investigation by Reuters reporters last year found that they were able to use the de minimis loophole to import the main precursor chemicals for at least 3 million fentanyl tablets due to overseas shippers intentionally mislabeling the packages as electronics.

LAWMAKERS WARN CHINESE E-COMMERCE APPS MAY HELP AVOID ENFORCEMENT OF ANTI-FORCED LABOR LAWS

President Donald Trump’s tariffs on China, Canada and Mexico closed the so-called “de minimis” loophole for lower-cost imports from those countries. (Chip Somodevilla / Getty Images)

“The flow of illicit drugs like fentanyl to the United States through both illicit distribution networks and international mail – due, in the case of the latter, to the existing administrative exemption from duty and taxes, also known as de minimis,” Trump’s tariff order on Canada said.

Issues with the de minimis loophole have drawn the attention of Congress and previous administrations.

Earlier this month, the outgoing Biden administration proposed a rule that would eliminate de minimis treatment of goods from China that are subject to tariffs, while also requiring shippers to include 10-digit tariff codes on packages to make it easier for customs officials to identify and interdict illicit goods.

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Lawmakers have also raised concerns that the loophole allowed Chinese companies to ship products using the de minimis loophole and evade scrutiny under the Uyghur Forced Labor Protection Act (UFLPA). That law aims to prevent goods made by the forced labor of Uyghurs, a Muslim minority persecuted by the Chinese Communist Party, from entering the U.S. market.

Reuters contributed to this report.

February 3, 2025
‘This is about fentanyl’: Tariffs are crucial to combating ‘drug war,’ Trump and Cabinet officials say

The Trump administration is billing the new tariffs on Mexico, Canada and China as critical to preventing fentanyl and other drugs from pouring into the U.S. border, rather than a step in an international trade war.

President Donald Trump is imposing a 25% tariff on all goods entering the United States from Mexico and Canada; a 10% tariff on Canadian energy; and a 10% tariff on all goods entering the U.S. from China. Those tariffs are set to go into effect Tuesday at midnight.

TRUMP DEFENDS TARIFFS, ACCUSES CANADA OF BEING ‘VERY ABUSIVE OF THE UNITED STATES’

The president spoke with Canadian Prime Minister Justin Trudeau Monday morning, he said, and is expected to speak to him again at 3 p.m. ET on Monday.

President Donald Trump speaks to reporters as he signs executive orders in the Oval Office of the White House, Friday, Jan. 31, 2025. (AP Photo/Evan Vucci)

“Canada doesn’t even allow U.S. Banks to open or do business there,” Trump posted on his Truth Social Monday. “What’s that all about? Many such things, but it’s also a DRUG WAR, and hundreds of thousands of people have died in the U.S. from drugs pouring through the Borders of Mexico and Canada.”

The president also spoke with Mexican President Claudia Sheinbaum Monday morning – a conversation that led to Trump delaying the imposition of tariffs on Mexico for one month.

“It was a very friendly conversation wherein she agreed to immediately supply 10,000 Mexican Soldiers on the Border separating Mexico and the United States,” Trump posted on his Truth Social. “These soldiers will be specifically designated to stop the flow of fentanyl, and illegal migrants into our Country.”

“We further agreed to immediately pause the anticipated tariffs for a one month period during which we will have negotiations headed by Secretary of State Marco Rubio, Secretary of Treasury Scott Bessent, and Secretary of Commerce Howard Lutnick, and high-level Representatives of Mexico,” Trump wrote. “I look forward to participating in those negotiations, with President Sheinbaum, as we attempt to achieve a ‘deal’ between our two Countries.”

‘OVERDOSE EPIDEMIC’: BIPARTISAN SENATORS TARGET FENTANYL CLASSIFICATION AS LAPSE APPROACHES

On Sunday, Vice President JD Vance echoed a similar sentiment regarding drugs, posting on X that Mexico “sends tons of fentanyl into our country. Canada has seen a massive increase in fentanyl trafficking across its border.”

“There are three ways of stopping this,” Vance wrote. “The first is ask nicely, which we’ve done. It’s gone no where.”

He added: “Now we’re onto the consequences phase.”

And Interior Secretary Doug Burgum on Monday said the imposition of tariffs “isn’t a trade war with Canada, or Mexico or China.”

TRUMP IMPOSES TARIFFS ON IMPORTS FROM CANADA, MEXICO AND CHINA: ‘NATIONAL EMERGENCY’

“This is about fentanyl,” Burgum said on “Fox & Friends.” “We’ve had a mass invasion of our country. We’ve been taking mass casualties. We lose almost 300 people a day to overdose deaths.”

Canadian Prime Minister Justin Trudeau met with President-elect Trump at Mar-a-Lago in Florida in November 2024 to discuss topics like the economy, illegal immigration and tariffs. (Justin Trudeau X)

Burgum added: “President Trump wants to end this.”

The president authorized the tariffs in an executive order on Saturday. Under the International Emergency Economic Powers Act, a 25% additional tariff will be levied on imports from Canada and Mexico, with a 10% tariff on imports from China.

In the executive order, Trump said the tariffs stem from an “extraordinary threat posed by illegal aliens and drugs, including deadly fentanyl, [that] constitutes a national emergency.”

The tariffs have invited international criticism from leaders and citizens alike in Canada and Mexico. During his exchange with reporters on Sunday evening, Trump accused Canada of being “abusive” toward the U.S. in terms of trade.

CANADA, MEXICO ANNOUNCE RETALIATORY TARIFFS ON US IMPORTS IN RESPONSE TO TRUMP’S TARIFFS ON AMERICAN NEIGHBORS

“Canada has been very abusive of the United States for many years. They don’t allow our banks,” Trump said. “And you know that Canada does not allow banks to go in, if you think about it. That’s pretty amazing. If we have a U.S. bank, they don’t allow them to go in.”

“Canada has been very tough for oil on energy. They don’t allow our farm products in, essentially. They don’t allow a lot of things in. And we allow everything to come in as being a one-way street.”

Fentanyl seized in Nogales, Arizona. Border agents and officers seized more than 1,900 pounds of the illicit drug in October 2022. (Customs and Border Patrol)

Trump also said that the U.S. subsidizes Canada “by the tune of about $200 billion a year.”

“And for what? What do we get out of it? We don’t get anything out of it,” he added. “I love the people of Canada. I disagree with the leadership of Canada and something is going to happen there.”

But in a statement on Saturday, Sheinbaum said her country “categorically reject[s] the White House’s slander against the Mexican government of having alliances with criminal organizations, as well as any intention of intervention in our territory.”

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“Mexico not only does not want fentanyl to reach the United States, but anywhere,” the statement read. “Therefore, if the United States wants to combat criminal groups that traffic drugs and generate violence, we must work together in an integrated manner, but always under the principles of shared responsibility, mutual trust, collaboration and, above all, respect for sovereignty, which is not negotiable.”

Canada’s Trudeau slighted the U.S. by encouraging Canadians to “buy Canada,” and announcing his own set of tariffs on $20 billion “of goods imported from the United States,” including produce, meats and cheeses.

“Now is the time to choose products made right here in Canada,” Trudeau wrote on X. “Check the labels. Let’s do our part. Wherever we can, choose Canada.”

Brooke Singman is a political correspondent and reporter for Fox News Digital, Fox News Channel and FOX Business.

February 3, 2025
‘America First’: Largest steel producer in US announces support of Trump tariffs

FIRST ON FOX: The CEO of the largest steel producer in the U.S., Nucor Corp., endorsed President Donald Trump’s tariffs on China, Canada and Mexico, Fox News Digital learned.

“Nucor applauds the first steps taken by President Trump in his America First Trade Agenda,” Leon J. Topalian, the chair, president and CEO Nucor Corp., wrote in a statement dated Friday that was obtained by Fox News Digital. “We look forward to working with President Trump to enforce our trade laws and strengthen American manufacturing!”

The subject line of the letter reads, “Presidential Executive Orders on Canada, Mexico, and the People’s Republic of China.”

Nucor is based out of North Carolina and serves as the nation’s largest steel producer and scrap metal recycler.

TRUMP DEFENDS TARIFFS, ACCUSES CANADA OF BEING ‘VERY ABUSIVE OF THE UNITED STATES’: VIDEO

The company’s CEO recently joined CNBC’s Jim Cramer and celebrated Trump’s then-upcoming tariffs as tools to end “currency manipulation” and the “subsidization” of steel coming to the U.S. from abroad.

“We saw the memo last Monday on tariffs and what they’re going to do,” Topalian said Tuesday. “And I think they’re going to be far-reaching, and I think they’re going to be very broad to, again, stop the illegal dumping, the manipulation, currency manipulation and subsidization of steels coming into the shores of the U.S.”

“We’re the largest steel company in North America, so, of course, we took a look a year and a half ago and, and, we’ll continue to look and see if those assets come back,” he said. “But, part of the reason we didn’t move forward is valuation. We’re not going to overpay for assets.”

NUCOR ONCE THWARTED A CHINESE ATTEMPT TO STEAL ITS TECHNOLOGY

Trump signed an executive order on Saturday authorizing tariffs on Mexico, Canada and China through the new International Emergency Economic Powers Act. The tariffs take effect on Tuesday and include 25% tariffs on imports from Canada and Mexico and a 10% tariff on imports from China. Energy resources from Canada will have a lower 10% tariff.

President Donald Trump signed an executive order on Feb. 1, 2025, authorizing tariffs on Mexico, Canada and China through the new International Emergency Economic Powers Act. (Getty Images)

The tariffs were created in light of “extraordinary” threats stemming from “illegal aliens and drugs, including deadly fentanyl,” according to the order.

NUCOR CEO ON TARIFFS: WE’VE BEEN IN A TRADE WAR FOR 30 YEARS

“This challenge threatens the fabric of our society,” the executive order states. “Gang members, smugglers, human traffickers, and illicit drugs of all kinds have poured across our borders and into our communities.

“Canada has played a central role in these challenges, including by failing to devote sufficient attention and resources or meaningfully coordinate with United States law enforcement partners to effectively stem the tide of illicit drugs.”

The tariffs were created in light of “extraordinary” threats stemming from “illegal aliens and drugs, including deadly fentanyl,” according to President Donald Trump’s executive order. (Chip Somodevilla/Getty Images)

Foreign leaders have railed against the tariffs. Mexican President Claudia Sheinbaum said Saturday that her country “categorically reject[s] the White House’s slander against the Mexican government of having alliances with criminal organizations, as well as any intention of intervention in our territory.”

Meanwhile, Canadian Prime Minister Justin Trudeau encouraged residents to “buy Canada” by checking labels at stores to ensure a product is made in the Great White North.

TRUMP SAYS CANADA WOULD HAVE NO TARIFFS AS 51ST STATE, AS OBSERVERS BRACE FOR TRADE WAR

Trump defended the tariffs Sunday evening while talking to reporters gathered at Joint Base Andrews in Maryland.

The CEO of the largest steel producer in the U.S., Nucor Corp., endorsed President Donald Trump’s tariffs on China, Canada and Mexico. Pictured here is a Nucor steel recycling plant in Seattle. (Getty Images)

“Canada has been very abusive of the United States for many years. They don’t allow our banks,” Trump said. “And you know that Canada does not allow banks to go in, if you think about it. That’s pretty amazing. If we have a U.S. bank, they don’t allow them to go in.”

“Canada has been very tough for oil on energy. They don’t allow our farm products in, essentially. They don’t allow a lot of things in. And we allow everything to come in as being a one-way street.”

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Former President Joe Biden also imposed tariffs during his administration, including on steel and aluminum shipped from Mexico to the U.S. but made elsewhere.

Fox News Digital’s Andrea Margolis contributed to this report.

February 3, 2025
Trump defends tariffs, accuses Canada of being ‘very abusive of the United States’

President Donald Trump defended his recent tariffs against Canada, Mexico and China while speaking to reporters at Joint Base Andrews on Sunday night.

The tariffs, which were authorized in an executive order on Saturday, will go into effect Tuesday. Under the International Emergency Economic Powers Act (IEEPA), a 25% additional tariff will be levied on imports from Canada and Mexico and a 10% tariff on imports from China.

During his exchange with reporters, Trump accused Canada of being “abusive” towards the U.S.

“Canada has been very abusive of the United States for many years. They don’t allow our banks,” Trump claimed. “And you know that Canada does not allow banks to go in, if you think about it. That’s pretty amazing if we have a U.S. bank. They don’t allow them to go in.”

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President Donald Trump said Canada has not been fair to the United States. (Jabin Botsford/The Washington Post via Getty Images)

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“Canada has been very tough for oil on energy. They don’t allow our farm products in, essentially. They don’t allow a lot of things in. And we allow everything to come in as being a one way street.

Trump also said that the U.S. subsidizes Canada “by the tune of about $200 billion a year.”

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“And for what? What do we get out of it? We don’t get anything out of it. I love the people of Canada. I disagree with the leadership of Canada and something is going to happen there.”

Andrea Margolis is a writer for Fox News Digital and Fox Business. Readers can send story tips to [email protected].

February 3, 2025
Raptors fans boo ‘Star-Spangled Banner’ in latest anti-American display in Canada after Trump’s tariffs

“The Star-Spangled Banner” was once again booed in Canada ahead of a sporting event.

The latest anti-American display took place at the Scotiabank Arena before the Toronto Raptors took on the Los Angeles Clippers. Fans booed the American national anthem as a 15-year-old female sang it. A mix of boos and cheers were heard before she received a resounding applause for the Canadian national anthem, “O, Canada.”

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Raptors forwards, from left, Bruce Brown, Scottie Barnes and Chris Boucher react as fans boo the U.S. national anthem before the Los Angeles Clippers game in Toronto, Sunday, Feb. 2, 2025. (Frank Gunn/The Canadian Press via AP)

The theme of Canadians booing the American anthem began Saturday night as the Ottawa Senators and the Calgary Flames hosted NHL games.

The boos seemingly occurred as President Donald Trump followed through on his promise to place tariffs of 25% on imports from Canada and Mexico and 10% on imports from China. Any energy resources from Canada would be hit at a 10% rate.

In a statement obtained by Fox News Saturday, the Trump administration said the order is in response to an “extraordinary threat posed by illegal aliens and drugs, including deadly fentanyl, (that) constitutes a national emergency.”

OTTAWA SENATORS FANS BOO USA NATIONAL ANTHEM AFTER TRUMP ISSUES TARIFFS

Canada’s maple leaf logo at center court before a game between the Washington Wizards and Raptors at Scotiabank Arena in Toronto, Oct. 20, 2023. (John E. Sokolowski-USA Today Sports)

Ahead of Prime Minister Justin Trudeau announcing his resignation, Trump said he would “love” if Canada could become the “51st state.”

Trudeau has since lamented the tariffs that the Trump administration has levied.

In a fact sheet released by the White House on Saturday, the U.S. is implementing tariffs against Canada, Mexico and China to hold them accountable “to their promises of halting illegal immigration and stopping poisonous fentanyl and other drugs from flowing into our country.” This “extraordinary threat,” the White House said, “constitutes a national emergency under the International Emergency Economic Powers Act.”

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The national anthems are sung at Canadian Tire Centre before the NHL game between the Ottawa Senators and the Los Angeles Kings on Oct. 14, 2024, in Ottawa, Canada. (André Ringuette/NHLI via Getty Images)

However, Trudeau claimed that “less than 1% of fentanyl and less than one% illegal crossings into the United States come from Canada.”

FOX Business’ Christopher Guly and the Associated Press contributed to this report.

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Ryan Gaydos is a senior editor for Fox News Digital.

February 2, 2025