This material may not be published, broadcast, rewritten, or redistributed. ©2025 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by <a href="https://www.factset.com/" data-omtr-intcmp="topnav_more_factset">Factset</a>. Powered and implemented by <a href="https://www.factset.com/solutions/business-needs/digital-solutions" data-omtr-intcmp="topnav_more_factset_digital_solutions">FactSet Digital Solutions</a>. <a href="https://www.factset.com/privacy" data-omtr-intcmp="topnav_more_factset_privacy">Legal Statement</a>. Mutual Fund and ETF data provided by <a href="https://lipperalpha.refinitiv.com/" data-omtr-intcmp="topnav_more_refinitive_info">Refinitiv Lipper</a>. <br>President Donald Trump does not give a 'political' answer as he argues the European Union has treated the United States 'so terribly.'<br>The <a href="https://www.foxnews.com/category/person/donald-trump" target="_blank" rel="noopener">Trump administration</a> is implementing tariffs through its new International Emergency Economic Powers Act (IEEPA).<br>In a statement obtained by Fox News on Saturday, the White House said that the legislation comes amid an "extraordinary threat posed by illegal aliens and drugs, including deadly fentanyl, constitutes a national emergency.<br>"President Donald J. Trump is implementing a 25% additional tariff on imports from Canada and Mexico and a 10% additional tariff on imports from China. Energy resources from Canada will have a lower 10% tariff," the statement read.<br><a href="https://www.foxnews.com/us/reagan-national-airport-crash-military-black-hawk-helicopter-collides-midair-american-airlines-jet" target="_blank" rel="noopener"><strong><u>REAGAN NATIONAL AIRPORT CRASH: MILITARY BLACK HAWK HELICOPTER COLLIDES MIDAIR WITH AMERICAN AIRLINES JET</u></strong></a><br><span>President-elect Donald Trump speaks at AmericaFest, Dec. 22, 2024, in Phoenix.</span> <span>(AP Photo/Rick Scuteri)</span><br><i>Fox News Digital's Brooke Singman contributed to this report.</i><br>Andrea Margolis is a writer for Fox News Digital and Fox Business. Readers can send story tips to <a href="mailto:andrea.vacchiano@fox.com">andrea.margolis@fox.com</a><a rel="noopener noreferrer"><u>.</u></a><br>Get the latest updates from the 2024 campaign trail, exclusive interviews and more Fox News politics content.<br>By entering your email and clicking the Subscribe button, you agree to the Fox News <a href="https://www.foxnews.com/privacy-policy">Privacy Policy</a> and <a href="https://www.foxnews.com/terms-of-use">Terms of Use</a>, and agree to receive content and promotional communications from Fox News. You understand that you can opt-out at any time.<br>Subscribed<br> You've successfully subscribed to this newsletter! <br> This material may not be published, broadcast, rewritten, or redistributed. ©2025 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by <a href="https://www.factset.com/" data-omtr-intcmp="footer_factset">Factset</a>. Powered and implemented by <a href="https://www.factset.com/solutions/business-needs/digital-solutions" data-omtr-intcmp="footer_factset_digital_solutions">FactSet Digital Solutions</a>. <a href="https://www.factset.com/privacy" data-omtr-intcmp="footer_factset_privacy">Legal Statement</a>. Mutual Fund and ETF data provided by <a href="https://lipperalpha.refinitiv.com/" data-omtr-intcmp="footer_refinitive_info">Refinitiv Lipper</a>. <br><br><a href="https://news.google.com/rss/articles/CBMioAFBVV95cUxNbXJERFcwaDlYRndCdzJMRGc0U25XYXZnOXloY2NZSkdSckdmUU10Tkp0WS1KVE1HYnFvcUh6TVpjblBmRGxoSmcyRjEwd294Rkh0TjMxS2t6OE5fZ0VuODRxeTRSRGZVdWJ4UnNQb25rbThSQlZUVmY0UXlabnBXWnJCaVpaRlJVUkdyTk5rNWlpdWZ3dVF6ZHd5S0tsMk1Z0gGmAUFVX3lxTE51WUdsNGd1WHdLSmROMWFOa0lFakoxb2h0Q3NMel9MV2lVWGp6U0hwMEdHS2ZfYW5rX3RIRUJNWlhNYWVUTkdIVEVEYWhmNTZvbEowaFZpbU83YmtuS2kxaW8xX3NFM2NBbzJRb3JJelhjQ0FDbTVDaVp4NzRZZ2ZaT0FvaF9feXJKa3c1TkxHbHdta0dYLTk1QTBnNllGeF9fZldCUVE?oc=5">source</a>
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