President Donald Trump has signed an order to impose severe tariffs on imports from Mexico, Canada and China on Saturday. This is one of the commitments after the campaign for voters who threatened to cause higher inflation and confuse North American companies as the government pledged severe measures. response.
The Republican president posted to social media that customs duties were necessary to “protect Americans”, and three countries suppress the production and exports of illegal Fentanyl, and Canada and Mexico are illegal in the United States. In order to reduce immigrants, I filed a lawsuit that satisfied one, and in a commitment to Trump’s voters, I throw a global economy and a political delegation of Trump itself to collapse the price. Say.
Credit duties may make the inflation worsen significantly if it lasts, and may probably be able to promise that Trump can reduce the price of food, gasoline, housing, car, and other products. There is a possibility.
Trump has declared an economic emergency to impose 10 % of all imports from China and a 25 % duties for imports from Mexico and Canada. However, energy imported from Canada, including oil, natural gas, and electricity, is taxed at a 10 % tax rate.
This behavior has caused the economic conflict with the two largest trading partners in Mexico and Canada, and has overturned the trade relationships in decades as strict retaliation by these two countries.
Mexico’s President immediately ordered retaliation tariffs, and the Prime Minister of Canada said that it would match up to $ 155 billion of US imports. China did not respond immediately to Trump’s actions.
Trump’s orders include the mechanism that escalates the US charges for retaliation by other countries, enhancing more serious economic confusion ghosts.
Canada’s Prime Minister Canada said on Saturday that Canadian duties for US alcohol and fruits for $ 30 billion in trade will come into effect on Tuesday. He opened his address to Canadians with a message for American consumers.
“Americans, it will have the true results for you,” he said.
Todoro reported the opinions of many Canadians who felt that he had been betrayed by his neighbor and his long -standing ally, reminding the Americans to fight with them in Afghanistan.
“The White House’s actions do not connect us, but we separate us,” said Tordeau.
Mexico’s President Claudia Shainbaum has instructed economic secretary to implement retaliation tariffs and other measures to defend Mexico’s interests.
“We assert the White House’s slander that the Mexican government has linked to a criminal organization and refuse to interfere with our territory,” Symbaum wrote in X’s post.
“If the U.S. government and its institution want to deal with the consumption of the serious Fentanyl in its own country, they sell drugs on the streets of their main cities and the laundry of this illegal activity. Generate a very much harm to the population.
Meanwhile, David Eby, the Prime Minister of Canadian State, British Columbia, calls on residents to stop purchasing sake from the US “red” state, and deletes American alcohol brands from government stores as a response to tariffs. He said he was doing it.
In the broadcast message, Evie regarded Trump’s administration as a “declaration of economic war against trusted allies and friends”, and he thought he would stand up for his citizens and all Canadians. 。
“Effectively today, I instructed BC sake to stop purchasing American sake from the red state right away,” he said. “Sake shop employees delete the most popular brands of these brands from the shelves of government stores.”
“In accordance with this process, we are trying to evaluate all of these individuals in our country, including the Venezuelans here and the members of Tren de Aragua,” said Fox News, Kristi. NOEM says.
Customs duties are enforced on Tuesday, setting a confrontation in North America, and may potentially hinder economic growth. A new analysis by the Yale Budget Research Institute stated that the average US household would lose the tax equivalent to $ 1,170 from taxes, which could damage the US economy. Economic growth is slow and inflation worsens. Also, if the country retaliation, the situation may worsen.
A highly US administration has stated that a low reporter asserts anonymity and reflects the desire to minimize the destructive rise in gasoline or utility prices. It is a sign that the White House official understands the gambling that incorporates inflation. The price spikes under former President Joe Biden have led to the frustration of voters who help returning Trump to the White House last year.
The officials signed by Trump did not include the mechanism for giving exceptions, and the officials were hit by Canadian wood, farmers, automakers, and other housing builders who rely on other industries. He said that there was a possibility.
The Trump administration has set up a tariff to forced Fentanil to expand and stop manufacturing in three countries, in addition to applying pressure to restrict illegal immigrants in Canada and Mexico to restrictions to the United States. did.
Officials did not provide specific benchmarks that could be fully satisfied to cancel new tariffs.
This order is also allowed to be tariffs on imports of Canada, less than $ 800. Imports below the amount can now pass to the United States without customs and duty.
“It’s not very economical,” said William Rainsh, a senior adviser in the Strategy and International Research Center and former US trader. “Historically, most of our tariffs on raw materials are low because we want to get inexpensive materials, so they are low because they are competitive … now we talk about what Is he talking about the tariff on raw materials?
The Republican president is a major political betting that his actions can significantly worsen inflation, unstable the global economy, and cause financial aftershocks that can cause voters’ rebound. There is. AP voting, a votive survey in last year’s election, has discovered that the United States has been divided into tariff support.
Due to tariffs, Trump honored his core promise of his economic and national security philosophy. However, the announcement showed his seriousness on the issue because some Trump Allies had reduced the threat of imported tax as a mere negotiating tactic.
The President is preparing more imported taxes, a sign that tariffs will be the continuous part of his second phase. On Friday, he mentioned imported computer chips, steel, petroleum, natural gas, copper, pharmaceuticals, and imports from the European Union.
It is unknown how tariffs will affect business investment, such as Trump to reduce corporate tax rates and delete regulations. Credit duties tend to raise the price of consumers and companies by becoming more expensive to bring in foreign products.
Many voters looked at Trump in the November election with the belief that the rapidly rising inflation under Biden could be processed better. However, the respondents expect the price to rise by 3.3 %, so the Michigan University consumer emotional index has raised the expectation of inflation. This is higher than the annual inflation rate of 2.9 % of the consumer price index in December.
Trump said the government should increase its income from tariffs, as income tax was conducted in 1913 before the constitution was part of the constitution. He argues that the United States was the most wealthy in the 1890s, despite the opposition economic evidence. Under William McKinry.
“We were the wealthy country in the world,” said Trump on Friday. “We were a tariff country.”
The Tordeau told Canada, who told Canados that they could face the difficult times in the future, but Ottawa is ready to respond with retaliation duties as needed, and US penalties are self -interruption. He said.
Trudeau stated that Canada has been dealing with Trump calls on border security by planning a $ 1.3 billion ($ 900 million), including helicopters, new dog teams, and imaging tools.
Trump needs to acquire the government’s legal borrowing authorities, tax reductions, and increases through parliament. The result of his tariff plan can strengthen and weaken his hands.
The Democratic Party immediately said that the future inflation was the result of Trump, who is returning three weeks ago as a president.
“I’m worried about the price of groceries. I will raise the price with Don’s tariff,” said New York Senate Democratic leader Chuck Schumer. “You are worried about the price of tomatoes. Wait for Trump’s Mexican tariffs to raise your tomato price. I’m worried about the price of the car. Until Trump’s Canadian tariffs raises your car price. Please wait, “he wrote in a series of posts.
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