Trump Threatens 25% Import Tariffs on Mexico, Canada, Additional 10% on China

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KEY TAKEAWAYS

  • President-elect Donald Trump said he plans to enforce 25% tariffs connected each imports from Mexico and Canada and an further 10% connected equipment from China, successful moves apt to ramp up tensions pinch nan U.S.'s 3 apical trading partners.
  • The measures targeting Mexico and Canada would beryllium imposed connected his first time successful office, Trump said connected his Truth Social platform.
  • Trump didn't disclose a day for nan China tariffs but—like nan Mexico and Canada ones—they are aimed astatine curbing forbidden fentanyl imports, he said.

President-elect Donald Trump said he plans to enforce 25% tariffs connected each imports from Mexico and Canada and an further 10% connected equipment from China, successful moves apt to ramp up tensions pinch nan U.S.'s three top trading partners.

The measures targeting Mexico and Canada, which Trump said would beryllium imposed connected his first time successful office, are aimed astatine curbing fentanyl coming into nan state arsenic good arsenic "thousands" of "Illegal Aliens," he said connected his Truth Social platform.

"On January 20th, arsenic 1 of my galore first Executive Orders, I will motion each basal documents to complaint Mexico and Canada a 25% Tariff connected ALL products coming into nan United States, and its ridiculous Open Borders," he said. "This Tariff will stay successful effect until specified clip arsenic Drugs, successful peculiar Fentanyl, and each Illegal Aliens extremity this Invasion of our Country! Both Mexico and Canada person nan absolute correct and powerfulness to easy lick this agelong simmering problem."

Vow Threatens Free-Trade Deal With Canada, Mexico

A 25% tariff would beryllium much than nan 1 Trump had floated connected nan campaign trail, and frighten nan USMCA free-trade woody betwixt nan U.S., Mexico, and Canada he signed successful 2018 during his first administration.

In a abstracted station connected Truth Social, Trump said that nan 10% of added tariffs connected Chinese equipment coming into nan U.S. would beryllium imposed to ace down connected fentanyl smuggling. He didn't springiness a day for nan tariffs.

"Representatives of China told maine that they would institute their maximum penalty, that of death, for immoderate supplier dealers caught doing this but, unfortunately, they ne'er followed through, and narcotics are pouring into our Country, mostly done Mexico, astatine levels ne'er seen before," Trump wrote connected Truth Social. "Until specified clip arsenic they stop, we will beryllium charging China an further 10% Tariff, supra immoderate further Tariffs, connected each of their galore products coming into nan United States of America."

Trump has projected tariff policies that he said would thief bring manufacturing back to nan U.S. and started a slew of policies that President Biden continued under his administration. 

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