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The Port of Oakland is seen at 12.01pm EST as US President-elect Donald Trump is inaugurated for a second term, in Oakland, California, US, January 20, 2025. — Reuters
#Trump #launches #trade #war #tariffs #Mexico #Canada #China
US President Donald Trump on Saturday ordered taxes from Mexico, Canada and China to sweep goods, and demanded that he be in case of Canada and Mexico – illegal immigrants – and illegal immigrants. By entering the United States, they launch a trade war that could end it. Global growth and inflation inflation.
Mexico and Canada, a US top two trading partner, immediately vowed to retaliate, while China said it would challenge Trump’s move in the World Trade Organization and take other “counter -measures”.
In three executive orders, Trump imposed 25 % revenue on Mexico and most Canadian imports and 10 % on goods and 10 % from China, which will begin on Tuesday.
He vowed that he vowed to maintain his duties as long as he described as a national emergency about Fantinel, a deadly opium, and illegal immigration in the United States. The White House did not provide any other parameters to determine that Trump’s demands.
In response to concerns raised by oil refiners and midwestern states, Trump imposed only 10 % duty on energy products from Canada, with Mexico’s energy imports facing a complete 25 % tariff.
A White House fact sheet states that “till the end of the crisis” will remain in place of prices, but no details have been given about what the three countries need to do to win the recovery.
According to the US Census Bureau data, about $ 100 billion in 2023, crude oil imports are about a quarter of US imports from Canada.
Automatic makers will be particularly severely affected, with new steep rates on vehicles built in Canada and Mexico, a burden on a wide regional supply chain where sections can cross the borders several times before the final assembly.
The tariff announcement poses a repeated threat to Trump during the 2024 presidential campaign, and after taking office, rejecting warnings by senior economists, ending a new trade war with US trade partners ends US and global growth. Will do, while consumers and companies will raise prices.
Republicans welcomed the news, while industry groups and Democrats issued a strong warning about the impact on prices.
Jack Cologne, president of the National Foreign Trade Council, said Trump’s move has threatened to “increase the costs of everything from Aukados to automobiles and appeal to the United States, Canada and Mexico to increase.” Find a quick solution to escape.
Cologne said in a statement that all three countries should “work together to” gain competitive advantage and facilitate the ability to export US companies to global markets. “
Provincial officials and business executives in Canada also expressed their anger, calling for tremendous rates on imports from the United States.
About 90 minutes after Trump’s announcement in the game of Ottawa Senators and the Minnesota Wild National Hockey League, the US national anthem was promoted to Ottawa, the country’s capital. Senators won 6-0.
According to Trump’s written order, the US tariff collections are scheduled to begin on Tuesday at 12:01 AM Est (0501GMT). But the imports that were loaded on a vessel or on their final passage will be exempt from duties on Saturday 12:30 pm before entering the United States before entering the United States.
Trump announced the backing of the national emergency under the International Emergency Economic Powers Act and the National Emergency Act, which allows the president to impose sanctions to deal with crises.
Trade lawyers said that Trump was once again examining the limits of US legislation and revenue could face legal challenges, while Democratic lawmakers Suzanne Delbin and Don Beer decided that they had decided. The abuse of abuse with executive power “.
White House officials said revenue would not exclude, and if Canada, Mexico or China responded against US exports, Trump would likely increase US duties.
Nova Scottia Premier Tim Houston said he has directed that all alcohol imported from the United States be removed from the province’s store shelf.
White House officials said that “De Minemius” would not be allowed for US duty exemption for less than $ 800 to Canada, especially to Canada. Officials said that Canada, along with Mexico, has become a drainage for the delivery of fentine and its advance chemicals in the United States through small packages, which is often not inspected by customs agents.
Canada’s Trudeau announces taxes on us in retaliation
Prime Minister Justin Trudeau said Saturday that Canada will retaliate against President Donald Trump’s new taxes.
Since the world’s tallest land borders between long -term allies reach a new less, Trudeau told a news conference that he was slapped at $ 155 billion ($ 107 billion) of US goods ($ 107 billion). Is killing He said C $ 30 billion people will be implemented on Tuesday, like Trump’s rates, and the remaining C $ 125 billion in 21 days.
Trump began announcing troupes a few hours after a 25 % revenue on Canada and Mexico imports and a 10 % order on Chinese goods, which pushes a trade war, which economists say global Development and inflation at the level can be subjected to rule.
Trudeau warned that it would be difficult for Canada in the coming weeks, and Trump’s prices would hurt Americans as well.
Addressing the Americans, he said: “They will increase costs for you, including food at the grocery store, gas at the pump. They will hinder access to cheap supply of your important goods.”
The Canadian leader said the prices would include US beer, alcohol and bourbon as well as fruit and fruit juice, including orange juice from Trump’s native Florida. Canada will also target goods, including clothing, sports equipment and household appliances.
Canada is considering unnecessary steps, which relates to potentially important minerals, energy purchases and other partnerships, Trudeau said.
Trudeau said that Trudeau encouraged Canadian residents to buy Canadian products and holidays at home instead of the United States “We did not ask for it but we would not back down.”
Mexico orders retaliation to Trump’s rates without details of targets
Mexico’s President Claudia Shenbam on Saturday ordered revenge revenue in response to a US decision to slap 25 % of taxes from Mexico on Saturday, indicating a clear start to trade war between the two countries.
In a long post on X, Shenbam said his government had called for a dialogue instead of a clash with his northern neighbor, but Mexico was forced to respond.
“I have directed my minister to implement the project that we are working on, which includes tariffs and non -tariff measures in defense of Mexico’s interests.” .
The United States is the most important foreign market in Mexico, while in 2023, Mexico surpassed China and became the first destination for US exports.
According to sources familiar with the matter, Mexico is preparing potential retaliation against pork, cheese, fresh production as well as steel and aluminum, from 5 % to 20 %, against potential retaliation against imports from the United States. He said the auto industry would be initially exempt.
Census Bureau data shows that US exports to Mexico calculated more than 2 322 billion in 2023, while the United States imported Mexican’s Mexican products more than $ 475 billion.
In his post, Shenbam also dismissed the White House as a “slander” that drug cartels have an alliance with the Mexican government, which is used by President Donald Trump’s administration to explain this. Why is it implemented prices?
Trump said the prices against Mexico were the reason why the country’s fantasy was a failure to prevent the United States from entering the United States, as well as what he describes as a migration.
Shenbam also emphasized on his government’s record after taking office in October – in addition to detaining more than 10,0000 people associated with drug trafficking, seized 20 million doses of deadly artificial opioid fantasy. –
To challenge US prices under China WTO
The Chinese Trade Ministry said Sunday that China would challenge US prices through the World Trade Organization.
The ministry said in a statement that the implementation of prices by the United States “seriously violates the WTO rules”.
US President Donald Trump ordered 25 % of taxes and 10 % of the goods on Canada and Mexico imports from China on Tuesday, which threatens a new trade war, which economists have said. That can reduce global growth and inflation than Raj.
