Podcast manager Josh Holmes strives after President Donald Trump explained social media to explain his plan to implement the tariff and discussed the remarks of Elon Musk during the first cabinet meeting.
President Donald Trump said on Thursday that his proposed 25% were proposed Tariffs to Mexico and Canada Stay on the way to enter into force next week as medicines are still poured into the US from all borders on “very high and unacceptable levels”.
Tariffs on Mexican and Canadian goods should enter into force on March 4, with a lower 10% tax on Canadian energy products such as oil and electricity.
Trump said he would impose an additional 10% tariff on China on that date, where he claimed a large percentage of illegal drugIncluding the fentanil, which enters the US, are made and delivered.
“We cannot allow this whip to continue to harm the US, and therefore, until it stops, or is not seriously limited, the proposed tariffs that should take effect on March on March Fourth, it will really take effect, as it is scheduled,” Trump said in a post on his website for social media of truth. “China will be charged an additional 10% tariff on that date.”
What are tariffs, how do they work and who pays them?
Trump has already increased tariffs to the goods imported from China by 10% in the entire panel on February 4th. (Anna Moneymaker / Getty Images / Getty Images)
Trump also said that on April 2, “reciprocal tariffs”, which correspond to the rate of imports of other countries, “will remain in full power and effect.”
What happens to Trump’s tariffs on China, Canada and Mexico?
The trucks pass over the blue bridge water at the border crossing with the USA in Sarni, Ontario. (Geoff Robins / AFP via Getty Images, File / Getty Images)
Trump has already increased tariffs to goods imported from China by 10% in the entire panel. These tariffs entered into force on February 4th and The Chinese government has announced the retailer At a certain American energy export and taken other criminal measures, including the Antruust probe of Google and the limitations of the export of rare land minerals.
The Main Capital Financial Director of WILL MCGOUGH INVESTMENT discusses President Donald Trump’s tariff tariffs, impact on markets and reducing federal workforce.
Get a job with Fox on a clicking movement here
The implementation of these tariffs leaves an open possibility that American consumers They could face higher prices for certain products if they eventually take effect.
Fox Business’ Eric Revell contributed to this report.
