US President Donald Trump signs executive commands at an oval office at the White House in Washington, USA, January 30, 2025.
Elizabeth France | Reuters
In an apparent end of weeks of intense speculation, the White House confirmed on Friday that President Donald Trump will level the aggressive tariffs on the main American trade partners this weekend.
Karoline Leavitt, a white house secretary, said Trump would equalize 25% of tariffs on Mexico and Canada, as well as 10% duties at China, in retaliation due to “illegal fentanis who received and allowed distribution to our country.”
The White House provided some details on how to pay off, saying that it would be available for a public examination on Saturday.
The shares, which were positive earlier in the session, fell on the news, the saliva of industrial average DOW Jones with more than 200 points, or about 0.5%. However, the S&P 500 and Nasdaq Composite remained positive.
“These are the promises and promises held by the President,” Leavitt said.
There were no potential exemptions from tariffs; The White House has previously rejected the Reuters report that there will be some exclusions, not just the covered measures that cover all the products.
Together, now he is doing about $ 1.6 trillion a year of annual business with three countries. Trump wants to use tariffs as well as negotiating chips and methods to influence changes in foreign policy, especially the issues of immigration and drug trafficking.
“We come Super Bowl and creepy, the amount of people that fits into [New Orleans] Superdomes are almost exactly equal to the number of people dying every year in America from Fentanil, and this comes from China and Mexico, “Trump’s trade advisor Peter Navarro told CNBC in an interview earlier on Friday.” Because of this, we have these kinds of this kind of such species. “Discussions.”
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