Trump launches trade war with tariffs on Mexico, Canada and China – World

The president of the United States, Donald Trump, ordered radical tariffs on goods from Mexico, Canada and China on Saturday, demanding that they prevent the flow of fentanyl, and illegal immigrants in the case of Canada and Mexico, in the United States, starting a Commercial war that could abolish global growth and revived inflation.

Mexico and Canada, the two main US business partners, immediately promised retaliation rates, while China said it would challenge Trump’s movement in the World Trade Organization and take other “countermeasures.”

In three executive orders, Trump imposed 25 percent tariffs on Mexican and Canadian imports and 10pc in China’s goods, starting on Tuesday.

He promised to keep his homework even what he described as a national emergency about fentanyl, a deadly opioid and illegal immigration to the United States. The White House did not provide other parameters to determine what Trump’s demands could meet.

Responding to the concerns raised by oil refineries and the west medium states, Trump imposed only a 10 percent duty to Canada’s energy products, with Mexican energy imports that faces the full rate of 25 pieces.

An information sheet of the White House said the tariffs would remain in its place “until the relieved crisis”, but did not give details about what the three countries would need to do to win a break.

With almost $ 100 billion in 2023, crude oil imports represented approximately a quarter of all US imports in Canada, according to data from the United States Census office.

Automobile manufacturers would be particularly affected, with new tariffs pronounced in vehicles built in Canada and Mexico that loads a vast regional supply chain where the pieces can cross the borders several times before the final assembly.

The announcement of the rate makes a good repeated threat of Trump during the presidential campaign of 2024 and since he assumed the position, challenging the warnings of the main economists that a new commercial war with the main commercial partners of the United States erodes the growth Global and in the United States, while increasing the prices of consumers and companies.

Republicans welcomed the news, while industry groups and democrats issued marked warnings about the impact on prices.

The president of the National Foreign Trade Council, Jake Colvin, said that Trump’s measure threatened to increase the costs of “everything from avocados to cars” and urged the United States, Canada and Mexico to find a quick solution to avoid climbing .

The three countries should work together to “obtain a competitive advantage and facilitate the ability of US companies to export to global markets,” Colvin said in a statement.

Provincial officials and business executives in Canada also reacted with indignation, asking for strong tariffs in the imports of the United States.

Approximately 90 minutes after Trump’s announcement, the American national anthem was booed in the capital of the nation, Ottawa, before the Opening confrontation in the National Hockey League game of Ottawa and the senators of Minnesota. The senators won 6-0.

The collection of US rates will begin at 12:01 am est (10:01 am GMT) on Tuesday, according to Trump’s written order. But the imports that were loaded in a boat or in its final traffic mode before entering the US. Uu. Before 12:01 am on Saturday they would be exempt from duties.

Trump declared the national emergency under the International Law of Emergency Economic Powers and the National Emergency Law to support tariffs, which allow the President to sweep powers to impose sanctions to address crises.

Commerce lawyers said Trump was once again testing the limits of US legislation and that tariffs could face legal challenges, while Democratic legislators Suzan Delbene and Don Beyer denounced what they called “a shameless abuse of the Executive Power.”

White House officials said there would be no exclusions from tariffs and that if Canada, Mexico or China take reprisals against US exports, Trump would probably increase the duties of the United States.

The Prime Minister of New Scotland, Tim Houston, said he ordered that all the alcohol imported from the US.

White House officials said that Canada would no longer be allowed the exemption of US taxes of minimis “for shipments below $ 800. The officials said that Canada, together with Mexico, has become a conduit for the Fentanyl shipments and its precursor chemicals in the US. through small packages that are often not inspected by customs agents.

Canada, Mexico announces retaliation tariffs

Canadian Prime Minister Justin Trudeau said that Canada would respond with 25 -piece tariffs against $ 155 billion of US goods, starting with $ 30 billion in force on Tuesday and $ 125 billion 21 days later.

The Canadian leader said that tariffs would include American beer, wine and bourbon, as well as fruits and fruit juices, including the orange juice of Trump’s native state of Florida. Canada would also go to products that include clothing, sports equipment and appliances.

He urged his own citizens to give up trips to the United States and to boycott the products of the United States. Canada is considering non -tariff measures, potentially related to critical minerals, energy acquisitions and other associations, Trudeau said.

https://www.youtube.com/watch?v=q1qeacqa6_w

Trudeau warned of US citizens that Trump’s tariffs would raise their costs of supermarket and gasoline, potentially closing cars assembly plants and limiting supplies of products such as nickel, potassa, uranium, steel and aluminum.

“Tariffs against Canada will put their works at risk, potentially turning off US car assembly plants and other manufacturing facilities,” said Trudeau, addressing US citizens during a press conference in Ottawa.

“Costs will increase for you, including food in the groceries and gas in the pump.”

The tariffs arrived in Canada while dealing with a political crisis and a leadership career within the Liberal Party of Trudeau. Facing low approval ratings, Trudeau has said that he will resign after nine years in office once a new party leader is chosen. Opposition conservatives could win the next elections for a majority that hits, according to recent opinion surveys.

Flanked by its Ministers of Foreign Affairs and Finance, a gloomy Trudeau recalled the years of bilateral relations between the two countries.

“From the Normandy beaches to the mountains of the Korean Peninsula, from the Flanders fields to the streets of Kandahar, we have fought and died next to you during your darker hours,” he said. “We have built the most successful economic, military and security association that the world has seen.”

Mexican President Claudia Sheinbaum, in a position on X, said she was instructing her Minister of Economy to implement retaliation tariffs, but did not give details.

Canada and Mexico said they were working together to face Trump’s tariffs.

The China Ministry of Commerce did not specify its planned countermeasures. His statement left the door open for conversations between Washington and Beijing.

“China hopes that the United States will see and manage its own fentanil and other problems objectively and rationally,” he said, adding that Beijing wanted to “participate in the Franco dialogue, strengthen cooperation and manage differences.”

Promised rates for a long time

Trump spoke a lot about the rates on Friday, recognizing that they could lead to interruptions and difficulties for Americans. He said that additional tariffs against steel, aluminum, semiconductor chips and pharmaceutical products were planned.

The Republican president was not scheduled to talk to journalists about tariffs after the ad.

Trump’s tariff movement was led by the deputy director of Cabinet Stephen Miller, a blunt hawk in illegal immigration, and Trump’s nominated of the White House.

Less than two weeks after his second term, Trump is turning the rules of how the United States governs and interacts with his neighbors and the world in general.

A model that qualifies the economic impact of the Trump Rate Plan of the head economist of EY Greg Daco suggests that it would reduce the growth of the United States by 1.5 percentage points this year, threw Canada and Mexico into the recession and mark the beginning of the “thisfflation” at home.

“The increases in steep tariffs against US business partners could create a stagnant shock, a negative economic blow combined with an inflationary impulse, while triggering the volatility of the financial market,” Daco wrote on Saturday.

That volatility was evident on Friday, when the Mexican peso and the Canadian dollar collapsed after Trump promised to fulfill their threats. The prices of US actions also fell and the yields of the treasury bonds increased.



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