White House says Trump has signed order to impose tariffs on Canada, Mexico and China ...Middle East

Tariff to be on 25% of all Canadian imports except 10% on energy products25% tariffs on all Mexican products (no exemptions)Retaliation clause calls for further action, likely increased tariffsTariffs on China to include 10% tariffs on all China exports to US on top of existing tariffsRefers to International Emergency Economic Powers Act (IEEPA) lawChina has refused to cooperate with measures to restrict fentanylCanada is playing an increasing role in fentanyl shippingTariff on Canada revokes de minimis waiver

I will be keeping a close eye on the news on the weekend to see where this heads. If it doesn't die down then we're going to have a wild day in the markets on Monday.

This article was written by Adam Button at www.forexlive.com.

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