Donald Trump said he plans to hit the goods from China with another 10% rise in tariff, which is the latest Salvo in the US president who constantly escalates trade struggles.
Imports from China already face tariffs of at least 10%, after Trump’s order that entered into force at the beginning of this month.
Trump also said he intended to move forward with a threatening 25% of imports from imports from Canada and Mexico, which should take effect on March 4.
The US president has previously announced 25% of the duties on the country’s neighbors, but suspended measures lately after the countries agreed to increase the financing of border security and to talk about how to fight drug trade.
Mexico and Canada officers are in Washington this week as they try to take measures.
Trump’s threats of the two countries sparked a wide alarm, as the North American economy is closely linked after a decade of business under the Free Trade Agreement.
Mexico and Canada leaders have said earlier that they will impose retail retailers with the United States if the White House continues with the proposal.
On social networks, Trump wrote that he did not think that there was enough actions to solve the flow of fental in the United States – and that they were to blame Canada, Mexico and China.
“The drugs are still poured into our country from Mexico and Canada at very high and unacceptable levels,” he wrote, adding that “a large percentage of medication was made in China.
Liu Pengyu, a spokesman for the Chinese Embassy, said his country had already collaborated with the US to solve the concern about Fentanil and made “visual progress” in areas such as exchanging information, collaboration on cases and cleaning of internet ads.
“The reduction of domestic demand for drugs and strengthening the cooperation for law enforcement are basic solutions,” he said in a statement, which warned that Trump’s tariff moves were “obliged to influence and impair future co -operation between the two sides”.
“One -sided tariffs that have been imposed now will not solve their own problems, nor will they benefit from two sides or the world.”
China, Mexico and Canada are the first three trade partners in America, together make up more than 40% of imports to the US last year.
During the presidential campaign last year, Trump threatened to hit the imports from China with tariffs as much as 60%, and also floated a tariff of at least 10%.
Tariffs are a tax collected by the Government, and pays for a job that brings the goods to the country.
Economists have warned that they can lead to higher prices in the US to everyone, from the iPhone to Avocades.
Recent studies of consumer feelings suggest that concerns about the measures hit the confidence of consumers and contributed to worries because of life costs.
Trump trade moves also added to the jerks in the financial markets, despite significant uncertainty about whether Trump is ready to spend his threats.
The three main stocks of stocks in the US have been changed a little on Thursday.
The influence of tariffs is expected, if they enter into force, to feel more in the Canadian and Mexican economy.
But analysts have warned that the threat of tariffs, even if it never enters into force, will still have a cooled effect on investment, including the USA.
China has already responded to the first round of the US tariff with its own tariffs to US products, including coal and agricultural machines.
Trump rejected the fear of harm to the American economy.
“We are a pot of gold. We are the one who everyone wants,” he told reporters on Wednesday.
