President Trump appears set to level new tariffs on Mexico, Canada, and China

President Donald Trump is moving forward with tariffs against several countries starting on Saturday. 

Trump tariffs on three countries

Big picture view:

Imports from Mexico and Canada are valued at more than $900 billion. 

Without restrictions, prices would rise for things like food, gas, vehicles, and commodities. 

Also, an additional 10% tariff would be imposed on Chinese imports. 

Financial observers say the move is a "classic" Trump negotiating tactic. 

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What they're saying:

"You may like it, you may hate it, but this is 'Negotiating 101'," says Houston financial strategist Lance Roberts, "If you're going to argue a position, you've got to have some leverage. You can't negotiate from a position of weakness to get an agreement that's favorable to whatever outcome you want it to be."

The Source: Wall Street Journals, Associated Press, Reuters

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