Trump stated that he will begin his term by imposing a 25 percent tariff on all products imported from Mexico and Canada, in addition to an additional 10 percent tariff on goods imported from China. These statements come as part of his election promises to restore trade balance and protect the American economy, but they raise widespread fears of the outbreak of a global trade war.
“On January 20th, as part of my first of several executive orders, I will sign all necessary documents to impose 25 percent tariffs on all products coming from Mexico and Canada into the United States,” Trump said in a post on the Truth Social platform late Monday evening. .
He added Trump that Customs duties It will remain in effect until both countries crack down on drug trafficking, especially fentanyl, and migrants crossing the border illegally.
He also accused the president-elect China By not taking strong enough action to stop the illegal drug trade flowing into Mexico and thus across the border into the United States.
Trump said, “Until they stop this, we will impose additional tariffs on China of 10 percent, on top of any additional tariffs, on all of its many products that come to the United States of America.”
Trump had previously pledged to impose tariffs on… Chinese imports It exceeds 60 percent, which is a much higher percentage than that imposed during his first term.
The Chinese economy is currently in a fragile state in light of the continued decline in the real estate sector, debt risks, and weak domestic demand.
