President Donald Trump has repeatedly discussed imposing tariffs, both during the campaign and since taking office, and the first tranche, on goods from Canada, China and Mexico will take effect Feb.

The order will impose hefty new tariffs of 25% on goods from Mexico and Canada and 10% on imports from China, potentially disrupting more than $2.1 trillion worth of annual trade.

New trade penalties against Canada, Mexico and China that President Donald Trump plans to impose Saturday represent an aggressive early move against America's three largest trading partners, but at the risk of higher inflation and possible disruptions to the global economy.