US President Donald Trump has announced that the sweeping of the new tariff has been imported from three largest American trade partners, China, Mexico and Canada.
Trump said that now he would impose a 25% Canada and Mexico tariffs and 10% China. Canadian energy is facing a lower tariff of 10%.
He threatened to impose an import tax if three countries are not concerned with concern about illegal immigration and drug trafficking.
Together, the trio made up more than 40% of imports to the US last year.
“Today’s tariff announcement is required for China, Mexico and Canada responsible for its promises to stop the flood of toxic drugs in the United States,” the White House said in a statement of X on Saturday.
Trump has published on his social platform of truth: “This was done by the International Law on Economic Force for Emergency Cases (IEEPHA) because of the main threat of illegal foreigners and deadly drugs killing our citizens, including Fentanil.”
In a practical sense, tariff is a domestic tax that is charged on the goods as they enter the country, proportional to imports of imports.
China warned against protectionism while Trump’s return to the Presidency renews the threat of a trade war between the two largest economics in the world.
The Chinese Vice President Ding Xuexiang said last month at the World Economic Forum in Davos, Switzerland that his country was looking for a “Win-Win” solution for tension trading and wanted to expand his import.
Canada and Mexico said they would respond to US tariffs to their goods with their own measures, and at the same time want to secure Washington to take measures to resolve concerns about their borders of the US.
In an effort to completely avoid the tariffs, Ottawa promised to implement $ 1.3 billion ($ 900 million; £ 700 million) new security measures along his US border.
Canadian Prime Minister Justin Trudeau must address the media on Saturday night.
Tariffs in Canada take effect on Tuesday.
The Canadian Chamber of Commerce posted a statement in front of what Trump’s “deeply disturbing decision” called the tariffs.
The tariffs will have “direct and direct consequences on Canadian and American life” and “will drastically increase the cost of everything for all,” the statement said.
Explaining why he is focused on his best trade partners, the White House said that Mexican cartels were responsible for the trade of fentanil, methamphetamine and other drugs.
In it, they said that the tariffs in Canada would remain until “working with the US against drug trader and on border safety.”
Finally, it was said that “China plays a central role in the fentanil crisis” with the export of a deadly synthetic painkiller.
