The Trump administration is following through on its promise to impose 25% tariffs on goods imported from Mexico and Canada and raise tariffs on Chinese goods on Saturday.

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.

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.