President Trump on Saturday formally enacted sweeping tariffs on Canada, Mexico and China, fulfilling a long-promised threat to force America’s closest trading partners to pony up. Canada and Mexico will be hit with a 25% tariff on all imports, while Chinese products will receive a more modest 10% tariff. The US will also impose 10% tariffs on energy products from Canada, including natural gas, oil and electricity. 3 President Trump imposed 25% tariffs on Canada and Mexico and a 10% tariff on China. Getty Images The three Executive Orders have a retaliation clause that will boost the tariffs should the…