India, Feb. 1 -- US President Donald Trump will slap 25% tariffs on Mexico, 25% on Canada, and 10% on China, declared the White House. The duties will into effect on Saturday, February 1.

Trump, on the other, declared on Friday that 10% lower taxes will be imposed on Canadian oil, maybe possibly as soon as February 18.

The US President stated that he intended to put tariffs on the European Union, citing the bloc's poor treatment of the United States.

According to White House Press Secretary Karoline Leavitt, the reason for the duties against Canada and Mexico, "the illegal fentanyl that they have sourced and allowed to distribute into our country, which has killed tens of millions of Americans."

Trump has reiterated that the action wa...