Tariffs Delayed

 The White House confirmed Friday that the president will be leveling aggressive tariffs this weekend on major U.S. trading partners.  Trump: Tariffs are coming and nothing can forestall them; Canada and Mexico face 25% levies, China looking at 10% above current tariffs; Oil from Canada will be taxed at 10%, more oil and gas ...  The dollar rallied to cap off its best week since mid-November on President Donald Trump’s vow to unleash a first wave of tariffs on US trading partners on Saturday.  Trump’s tariffs threaten to blow up the trade agreement he negotiated with America’s neighbours in his first term. His U.S.-Mexico-Canada Agreement – “the fairest, most balanced, and beneficial trade agreement we have ever signed into law,” Trump once declared — was supposed to bring predictability to North American trade, ...  Friday, Leavitt rebutted a Reuters report that suggested tariffs could be delayed, stating that 25% tariffs on Canada and Mexico and 10% tariffs on China would be put in place Saturday.

 The White House said it will still roll out 25% tariffs on imports from Mexico and Canada, alongside 10% tariffs on China, on Feb. 1 — and threatened future tariffs on other imports from around the globe.. Why it matters: The tariffs would likely spark retaliation of an unknown magnitude, risking economic pain for businesses and consumers. What they're.  Tariffs on Canadian energy, though lower than for other imports, could prompt an uptick in prices at the pump, especially in the Midwest, where refineries turn Canadian oil into gasoline and diesel.  Friday, Leavitt rebutted a Reuters report that suggested tariffs could be delayed, stating that 25% tariffs on Canada and Mexico and 10% tariffs on China would be put in place Saturday.