President Donald Trump isn't worried about American consumers taking a hit after unveiling new tariffs on Mexico, Canada and China, and said the tariffs will ensure that other countries treat the U.S. "fairly." 

"There may be temporary, short-term disruption, and people will understand that," Trump told reporters Friday in the Oval Office. 

Trump also signaled that he also may increase tariffs for European Union countries, and said that the tariffs would make the U.S. "very rich and very strong." 

White House press secretary Karoline Leavitt announced earlier Friday that Trump would roll out tariffs on Mexico, Canada and China starting Saturday.

Trump’s economic plan during his campaign called for extending the 2017 tax cuts and imposing tariffs ranging from 10% to 20% on all imported goods. For countries like China, that number could go up to 60%.

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These countries will face these tariffs because they have allowed an "unprecedented invasion of illegal fentanyl that is killing American citizens," according to Leavitt. 

"The president will be implementing tomorrow a 25% tariff on Mexico, 25% tariffs on Canada, and a 10% tariff on China for the illegal fentanyl they have sourced and allowed to distribute into our country, which has killed tens of millions of Americans," Leavitt told reporters on Friday at a White House press briefing. "These are promises made and promises kept."

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Canadian Prime Minister Justin Trudeau said Friday that Canada was prepared to respond to any tariffs executed, and warned there could be "disastrous consequences" for American workers and consumers. 

"We’re ready with a response, a purposeful, forceful but reasonable, immediate response," Trudeau said. "It’s not what we want, but if he moves forward, we will also act."

Meanwhile, Leavitt said that the tariffs are not expected to spark a trade war with Canada and that Trump would respond to Trudeau in "due time." 

"The president is intent on doing this," Leavitt said. "And I think Justin Trudeau would be wise to talk to President Trump directly before pushing outlandish comments like that to the media."

When asked if Mexico, Canada or China could offer any concessions to remove these new tariffs, Leavitt said Trump would decide at a later date. 

"If the president at any time decides to roll back those tariffs, I'll leave it to him to make that decision," Leavitt said. "The president is intent on ensuring that he effectively implements tariffs while cutting inflation costs for the American people." 

Leavitt also said that Trump hadn't determined a timeline for additional tariffs on European Union countries, and said she wouldn't "get ahead" of Trump on that matter. 

But Senate Minority Leader Chuck Schumer, D-N.Y., said he's concerned that the tariffs will only mean cost increases for American consumers. 

"We should be focused on going hard against competitors who rig the game, like China, rather than attacking our allies," Schumer said in a statement Friday. "If these tariffs go into full effect, they will raise prices for everything from groceries, to cars, to gas, making it even harder for middle-class families to just get by."

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House Republicans moved to reintroduce the U.S. Reciprocal Trade Act on Jan. 24, a measure that would permit Trump to unilaterally impose trade taxes on both adversaries and allies. 

Trump previously praised the measure in 2019, claiming it would "give our workers a fair and level playing field against other countries."

Meanwhile, Democratic Reps. Suzan DelBene, D-Wash., and Don Beyer, D-Va., also introduced their own legislation in January that would block Trump from using emergency powers to implement tariffs, amid concerns that American consumers would end up footing the bill.

"The American people have clearly and consistently said that the high cost of living is one of their top concerns," DelBene said in a statement on Jan. 15. "Not only would widespread tariffs drive up costs at home and likely send our economy into recession, but they would likely lead to significant retaliation, hurting American workers, farmers, and businesses."

The Associated Press and Fox News’ Elizabeth Elkind contributed to this report. 

House Republicans are unveiling a new bill to clear a path for President Donald Trump to enact his sweeping tariff plans.

First-term Rep. Riley Moore, R-W.Va., is reintroducing the U.S. Reciprocal Trade Act on Friday, which, if passed, would allow Trump to unilaterally make moves on import taxes from both adversaries and allies.

He would be required to notify Congress, however, which could file a joint resolution of disapproval against the moves.

"American manufacturing has endured decades of decline under the globalist system that has hollowed out our industrial base and shipped countless jobs overseas. Leaders in both political parties deserve blame. But those days are over," Moore said in a statement.

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Moore said Trump was "the first national politician in my lifetime to recognize this problem, campaign on it, and work to reverse that trend."

"With the U.S. Reciprocal Trade Act, we’ll give the executive the leverage necessary to go to bat for the American people and achieve tariff reductions on U.S. goods," he said.

Trump released a campaign video in 2023 pledging to work with Congress to pass the Reciprocal Trade Act, declaring, "Under the Trump Reciprocal Trade Act, other countries will have two choices—they’ll get rid of their tariffs on us, or they will pay us hundreds of billions of dollars, and the United States will make an absolute FORTUNE."

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This week, the president announced that he wanted to impose a 10% tariff on Chinese imports, making good on a campaign promise to use such taxes to lower the U.S. national debt, which is currently over $36 trillion.

"We're talking about a tariff of 10% on China, based on the fact that they're sending fentanyl to Mexico and Canada," Trump said Tuesday. "Probably February 1st is the date we're looking at." 

During his campaign, Trump promised to levy a 60% tariff on goods from China and as much as 20% on other countries the U.S. trades with.

He also recently pledged on Truth Social to create an "External Revenue Service" to "collect our Tariffs, Duties, and all Revenue that come from Foreign sources."

Trump has praised the U.S. Reciprocal Trade Act by name multiple times, including during a January 2019 meeting with House Republicans, including the bill's former lead, ex-Rep. Sean Duffy, R-Wis. Trump recently nominated Duffy to be secretary of Transportation.

"The United States Reciprocal Trade Act — this legislation will help, finally, to give our workers a fair and level playing field against other countries. Countries are taking advantage of us, whether they think we’re very nice or not so smart.  They’ve been doing it for many, many years, and we want to end it," Trump said at the time.

However, not everyone is in agreement that tariffs are an effective way to bolster the U.S. economy, with some economists warning it would only raise costs for consumers.

"Not only would widespread tariffs drive up costs at home and likely send our economy into recession, but they would likely lead to significant retaliation, hurting American workers, farmers, and businesses," Rep. Suzan DelBene, D-Wash., said while unveiling a measure to block Trump from using unilateral tariff powers by declaring a trade emergency.

House Democrats are trying to block President-elect Donald Trump from implementing his wide-ranging tariff plans just days before he is set to take office.

A new bill led by Reps. Suzan DelBene, D-Wash., and Don Beyer, D-Va., and backed by 11 other Democrats, would block Trump from using presidential emergency powers to roll out higher import taxes.

During his campaign, Trump promised to levy a 60% tariff on goods from China and as much as 20% on other countries the U.S. trades with.

TRUMP'S PROPOSED TARIFFS ON MEXICO, CANADA, CHINA WILL INCREASE INFLATION, GOLDMAN SACHS WARNS

He most recently pledged on Truth Social to create an "External Revenue Service" to "collect our Tariffs, Duties, and all Revenue that come from Foreign sources."

Trump and his allies have argued that the plan would bolster American manufacturing while making it more difficult for adversaries like China to "export their way out of their current economic malaise," as Treasury Secretary nominee Scott Bessent told senators this week.

In theory, the commander in chief is able to bypass Congress to impose sweeping tariffs by declaring an emergency under the International Emergency Economic Powers Act.

However, Democrats argue the cost of the tariffs would just be passed on to American consumers.

"The American people have clearly and consistently said that the high cost of living is one of their top concerns," DelBene said in a statement. "Not only would widespread tariffs drive up costs at home and likely send our economy into recession, but they would likely lead to significant retaliation, hurting American workers, farmers, and businesses."

Beyer said, "Trump’s tariff proposals would misuse emergency authorities to raise prices on the American people, which is unacceptable."

However, not all Democrats have rejected the plan.

Rep. Jared Golden, D-Maine, a moderate Democrat known to often break from his own party, introduced his own bill this week to impose a universal 10% tariff on all imports.

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The 10% level would be reassessed each year, with room for a 5% increase or decrease depending on current U.S. economic conditions.

He argued in a statement to the Maine Morning Star, "The universal tariff — along with other policies to support domestic energy production, unions and manufacturing — is designed to reorient our economy from one focused on cheap goods and consumption to one centered on production and innovation."

Fox News Digital reached out to the Trump transition team for comment on both bills.

Alberta Premier Danielle Smith and President-elect Trump met on Saturday and discussed the "mutual importance" of a U.S.-Canadian energy relationship and the hundreds of thousands of American jobs supported through Albertan exports.

"Over the last 24 hours I had the opportunity to meet President [Trump] at Mar-a-Lago last night and at his golf club this morning," Smith wrote in a post on X. "We had a friendly and constructive conversation during which I emphasized the mutual importance of the U.S. - Canadian energy relationship, and specifically, how hundreds of thousands of American jobs are supported by energy exports from Alberta."

She continued, saying she had similar discussions with "several key allies" of Trump’s incoming administration in which she became encouraged to hear about their support for "a strong energy and security relationship with Canada."

"On behalf of Albertans, I will continue to engage in constructive dialogue and diplomacy with the incoming administration and elected federal and state officials from both parties, and will do all I can to further Alberta’s and Canada’s interests," Smith said. "The United States and Canada are both proud and independent nations with one of the most important security alliances on earth and the largest economic partnership in history. We need to preserve our independence while we grow this critical partnership for the benefit of Canadians and Americans for generations to come."

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Smith posted about the meeting on X, nearly a week after Canadian Prime Minister Justin Trudeau announced his resignation amid growing pressure from within his own Liberal Party and heightened criticisms over his handling of the economy and threats levied by Trump.

However, as Trudeau announced on Monday his plan to resign as prime minister once the Liberal Party that he leads chooses his successor, the biggest pushback to Trump’s pitch to annex Canada – and his planned 25% tariffs on exports from the country – has come from the premier of Canada’s most populous province, Ontario.

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Doug Ford, a former businessman and conservative who has served as Ontario’s 26th premier since 2018, told Fox News Digital in an interview that the president-elect’s targeting Canada is both "crazy" and "ridiculous."

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He said the bilateral focus should be on "strengthening" what the Canadian government calls a nearly trillion-dollar two-way trade relationship to "make the U.S. and Canada the richest and most prosperous jurisdiction in the world."

The president-elect has been trolling Canada in recent weeks, floating the idea of it becoming the 51st state and posting a doctored photo of him standing beside a Canadian flag on top of a mountain.

Trump has also been pushing for Denmark to sell the North Atlantic island of Greenland to the U.S.

Fox News' Christopher Guly contributed to this report.