US President Donald Trump on Saturday signed an executive order, in which 25% wires were implemented on goods from Mexico, as well as 25% on goods from Canada, 10% in tafs, except Canadian energy resources. Canada’s duties will be effective on Tuesday
This order imposes 10% tariff on imports from China.
Further measures possible
For the White House, Executive Order, including a vengeance section, means that further measures are possible if the target country responds with its own measures.
Mov, which will come back to the White House two weeks after going back to the White House, hits America’s largest trading partners. In 2023, Canada And Mexico According to the US Department of Economic Analysis, the US Goods and Services works at a price of $ 808 billion (€ 768 billion).
At the same time, Canada and Mexico sent $ 1.01 trillion goods to the US. The US trade deficit with Canada is more than $ 40 billion, while the trade deficit with Mexico is more than $ 162 billion.
The Canadian Chamber of Commerce stated that Trump’s decision was “deeply disturbing” and would “have immediate and direct consequences on Canadian and American livelihood.”
It said that the remedy “will significantly increase the cost of everything for everyone.”
American fuel makers hope that tariffs do not last long
The American Fuel and Petrochemical Manufacturers Association (AFPM) said in a statement that it is trump’s decision to implement TAF on Canadian and Mexican oil and energy products hoping that wild not long.
AFPM represents companies including Chevron Corporation, Exonmobil, Coach Industries, Marathon Petroleum and. Valero energy.
The group has said on the social media platform X, “We are expecting a resolution to reach quickly with our North American neighbors so that crude oil, sophisticated products and petrochemicals are removed from the tariff schedule, before That consumers feel the effect. ”
US Holding China, Mexico and Canada ‘accountable’ for ‘Fentaneel Crisis’
Trump accused the first two neighboring countries that they tightening the illegal migrants crossing the border in the United States and sealing the flow of Phantaneil. In a statement, Washington said that China is to blame for drugs entering the US.
The White House posted in a statement on X, “President Donald Trump is taking decisive action to protect Americans from the fantanel crisis.”
“Fentanyl is a major cause of death for Americans aged 18 to 45 years. Today’s tariff declaration is responsible for China, Mexico and Canada to prevent the floods of poisonous drugs in the United States.”
KB, JSI/DJ (AP, Reuters)