Canada and Mexico face 25% tariffs on Saturday, Trump says
US President Donald Trump has said that he would follow his threat to import from Canada and Mexico with 25% limit taxes known as tariffs on 1 February.
But he said that a decision about whether oil from those countries will not have been made yet.
Talking to reporters at the Oval Office, Trump said the move was to address large amounts of unspecified migrants and Phanteniles who come with American borders along with their neighbors with business deficits.
The President also suggested that he was still planning to put new tariffs on China, Which he said that will be 10% earlier this monthBut no details were given.
Trump said, “With China, I am also thinking something because they are sending Phentanelle to our country, and because of this, they are causing us hundreds of thousands of deaths,” Trump said.
“So China is also going to pay a tariff for this, and we are in the process of doing so.”
During the election campaign, Trump threatened to hit Chinese-made products with tariffs of up to 60%, but was held back on any immediate action in the White House on any immediate action, instead his administration has the issue of this issue. Ording to study.
US goods imports from China have been flattened since 2018, a statistics that economists have attributed to a series of tariffs imposed by Trump during their first term.
Earlier this month, a top Chinese official warned against conservationism as Trump’s return renews the threat of a trade war between the two largest economies in the world – but did not mention America by name. .
Addressing the World Economic Forum at Vice Premier, Davos, Switzerland, Ding Xuexiang, China, he said that his country was looking for a “win-win” solution for stress trade and wanted to expand its imports.
Canada and Mexico have stated that they would respond to the American tariff with their own measures, while trying to assure Washington that they were taking action to remove concerns about their American borders.
Tariff is a import tax on goods that are created abroad.
In theory, objects coming into a country means that people are less likely to buy them because they become more expensive.
The intention is that they buy cheap local products instead – promoting the economy of a country.
