The White House confirmed President Donald Trump will impose 25% tariffs on Mexico and Canada, as well as a 10% duty on China, in response to the distribution of illegal fentanyl into the U.S. Details on how the tariffs will be implemented were not provided, with the announcement causing a 0.7% drop in the Dow Jones Industrial Average and losses in the S&P 500 and Nasdaq Composite. The levies will be available for public inspection on Saturday.
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