The Trump administration said tariffs would take effect on Saturday on goods from Canada, Mexico and China. Mexico's president said the tariffs would violate trade agreements with the U.S. President Trump insisted that the tariffs would not lead to more inflation for U.

U.S. President Donald Trump is expected to sign an order on Saturday imposing hefty new tariffs of 25% on goods from Mexico and Canada and 10% on imports from China, potentially disrupting more than $2.