President Trump plans to impose hard tariffs on Mexico, Canada and China on Saturday. This is the purpose of the goal of applying pressure to accept immigrants and stop the flow of immigrants and drugs to the United States.
Mr. Trump introduced 25 % tariffs on products from Mexico and Canada, with 10 % of tariffs on Chinese products and New Briefing on Friday.
Mr. Trump, who talked to an elliptical office reporter on Friday, said tariffs were punishment for Canada, Mexico and China, and that drugs and immigrants allowed the United States to flood.
Mr. Trump’s decision to attack an American trade partner with tariffs could show the beginning of a more annoying and damaged trade war than Trump’s first term.
At that time, Mr. Trump set up a tariff nearly two -thirds of China’s import, and China collided with the United States on its own tax. Mr. Trump also incited retaliation from the European Union, Mexico and Canada, and imposed tariffs on steel and aluminum.
The tariffs on allies were considered to be discussed, but the scope was relatively limited. It has not been seen exactly which product is applied to Mr. Trump, but the President implies that they are vast and cover imports from Canada and Mexico from the United States close allies. I am.
Mr. Trump also said on Friday that he also imposed a “absolutely” tariff in the European Union and “treated us very badly.” He added that the United States would ultimately put tariffs on chips, oil and gas. “I think it’s around February 18,” he said.
Canada, Mexico, and China are the largest trading partners in the United States, supplying the United States with cars, drugs, shoes, wood, electronic devices, and steel. At the same time, they account for more than one -third of the products and services purchased to the United States or purchased from the United States, supporting tens of millions of American employment.
The three governments have promised to answer Trump’s taxation on US exports, such as Florida Range Juice, Tennessy Whiskey, and Kentucky peanut butter. All of these three states represented the Republican Senate in Congress and voted for Trump in 2024.
Mr. Trump’s tariff adds an additional charge to the importers who bring products across the border. Most of them are US companies. If the importer chooses not pay for tariffs, it can confuse the supply chain and lead to a shortage.
If an importer pays tariffs, the price of some American products will probably increase the price of some American products to give customs duties to customers.
“Trump’s tariff threats are mere intense, and negotiations have collapsed under his severe reality that tariffs will develop tariffs as a tool that shifts other countries to his taste.” Swal Prasado, the professor of Cornel’s trade policy, said. University.
Mr. Trump said in November that he would have tariffs in Canada, Mexico, and China to stop immigration and drugs, especially Fentanyl in the United States.
This threat caused scramble from Canada and Mexican officials. He spoke with Secretary of State Marco Rubio at the last minute and tried to persuade the government to refrain from tariffs by detailed the efforts of the border police.
All cars, agricultural, and energy companies are all promoting the Trump administration to prevent tariffs from applying, and is looking for exclusion processes that may be exempted to some products.
Mexico’s Minister of Economy, Mexico, said on Friday that customs duties would lead to a shortage of specific products, and the US prices of Mexico were likely to rise. He called this movement “strategic mistakes” by the Trump administration.
“The main impact is clear, and millions of families in the United States will have to pay 25 %,” he said.
“I don’t want to see American tariffs on both sides of the border product on both sides of the border,” said Canadian Prime Minister Justin Prime Minister Trudeau. He said, “As the United States goes ahead, Canada is ready and ready to respond.”
The Chinese Embassy Spokesman said that China should oppose tariffs and cause differences and friction through dialogue. “There are no winners in the trade war or tariff war, which is neither side nor the world’s interests,” said Spokesman.
According to those who are familiar with the plan, Trump’s advisor compared and examined various customs of customs duties, such as applying it to specific sectors such as steel and aluminum, or delaying the effects of several months. 。
Levit said that he had chosen tariffs because he had permitted the illegal Fentanyl invasion of illegal Fentanyl, who killed American citizens and killed illegal immigrants in our countries.
“The amount of Fentanyl, which has been seized at the southern border in recent years, could kill tens of millions of Americans,” she said. “And the president is going to do this.”
At both boundaries, the number of illegal crossing decreased sharply.
The number of fraudulent intersections at the crop border in December 2023 reached nearly 250,000, overwhelming border patrols, and the government closed the port. At the northern border, the flow of immigrants, which rises illegally in 2024, rose illegally. Meanwhile, more than 23,000 arrests were arrested for illegally intersection. The figure was about 2,000.
Since then, the border situation has changed.
In December, the agent arrested about 47,000 at the tropical border and 510 on the northern border.
The economic radioactivity from tariffs depends on how they were structured, but the ripple effects could be wider. Canada, Mexico, and the United States have been managed by trade agreements for over 30 years, and many industries, from cars, apparel to agriculture, are very integrated throughout North America.
Peterson International Economic Research Institute’s Senior Fellow Mary Lovely stated that the tariff was “very expensive.”
The US factory depends on the inputs from both countries, such as Canadian minerals, wood, and Mexican automotive parts. Lovely said that the tariff would be contrary to the efforts of US companies to get out of China in recent years, with the promotion of Trump and the Biden administration.
According to S & P Global’s economists, Mexico’s automobile and electrical equipment sector will be the most exposed to interruption, as in the case of mineral treatment in Canada. In the United States, the biggest risks are in agriculture, fisheries, metal, and automotive departments.
Jonathan Samford, the president of Global Business Alliance, a leading international company, said that tariffs could lose costs in the United States, decelerate US business, and invest in future investment.
In a statement from an elliptical office on Friday, Trump said that it would probably reduce Canadian oil tariffs to 10 % “probably”. Approximately 60 % of the oil imported by the United States comes from Canada, about 7 % of them come from Mexico, and experts warn you that if these trends, American energy prices may rise sharply. Masu.
The United States is the world’s largest petroleum producer, but the refinery needs to mix lighter oil produced in domestic fields from a place like Canada to make fuel like gasoline and diesel. There is.
The potential economic impact of tariffs complicates the problem of the federal preparation system. The Federal Reserve is trying to keep inflation into 2 % goals. This week’s Fed stabilized interest rates after a series of reductions in questions about how sustainable inflation and tariffs develop.
In balance, most economists expect higher trade barriers to raise the price of US companies and households, which can lead to temporary inflation bursts. Whether or not to escalate to more harmful issues depends on whether Americans’ expectations in the future inflation are starting to change higher in a meaningful way.
Urnie Tedesti, the director of the Yale Budget Lab, has a 25 % tariff of all imports in Canada and Mexico (10 % of tariffs and pairs for all Chinese imports), a permanent price. It is estimated to lead to a 0.8 % bump. , Measured by personal consumption expenditure price index. This is converted to about $ 1,300 per household on average. These estimates assume that the target countries will enact retaliation measures and the federal preparation system will not take action by adjusting interest rates.
Tedeski expects inflation to reduce the level of tariffs at that level by 0.2 %.
Mr. Trump’s top economic advisor argued that tariffs were the idea that fuel inflation was fuel, and exporters such as China would face higher US tariffs.
In a press conference, Reebit said that, despite the charges of tariffs, the inflation remained in Trump’s first term. She said that the president has undergone other policies that reduce inflation, such as passing tax cuts and promoting energy production.
Hamed Aleaziz, Vjosa ISAI, and Emilianorodríguezmega have contributed to the report.
