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Tuesday, November 26, 2024

“Tariffs war”: Trump pledges to impose new duties on 3 countries

“Tariffs war”: Trump pledges to impose new duties on 3 countries

He confirmed Trump cross platformTruth Social” which he co-founded, he will sign an executive order on lifting Customs duties On his first day in office.

Trump added: “On January 20, as one of my first many executive orders, I will sign all the necessary documents to impose 25 percent tariffs on all products coming into the United States from Mexico and Canada, and on the ridiculous open borders,” noting that the tariffs will remain in effect “until the flow of… Drugsespecially fentanyl, and all immigrants “The illegals who are invading our country.”

The president-elect also said that “an additional fee of 10 percent will be imposed on all… China products Coming to the United States,” until the flow stops Drugs “That enter our country, mostly via Mexico“.

During his first term as president, Trump imposed high tariffs on many… Chinese goods.

In his 2024 election campaign, he threatened to impose more tariffs on Chinese products, which could have a major impact on… Global trade.

Last Thursday, the Chinese Ministry of Commerce announced a series of measures to boost foreign trade, and pledged to increase financial support for companies and expand exports of agricultural products.

China will encourage financial institutions to offer more options for managing currency risks and strengthen macro policy coordination to keep the yuan “stable,” the ministry said in a statement posted online.

The Asian giant will also expand its exports of agricultural products and support imports of basic equipment and products, the statement said Energy.

He added, “We will guide and help companies to confront unreasonable trade restrictions from other countries and create a good external environment for exports.”



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