TRUMP signs tariffs on GOODS imported from Canada, Mexico, China!

WASHINGTON — Hours after President Donald Trump signed executive orders implementing tariffs on goods from Canada, Mexico and China, the three countries slammed the move and promised retaliatory measures.

U.S. allies Canada and Mexico said that they would implement their own tariffs in response to Trump's, a move that signals further economic upheaval among the close trading partners. China, a U.S. competitor, did not mention retaliatory tariffs or other specific measures but said it would file a lawsuit with the World Trade Organization and enact "necessary countermeasures."

Citing their role in the flow of fentanyl and undocumented immigrants to the U.S., Trump announced a 25% tariff on imports from Mexico and Canada — excluding Canadian energy products, which would face a 10% tariff. He also implemented a 10% tariff on imports from China for the same reason.

The U.S. will begin collecting most of the tariffs on Tuesday, with some exceptions. The White House said they would remain in place "until the crisis is alleviated" without elaborating.

Mexico, Canada and China together accounted for more than 40% of total U.S. imports last year. Tit-for-tat tariff announcements from their leaders could send prices soaring for consumers both in the U.S. and abroad, affecting the costs of items such as food, electronics and cars.