President Trump signed a presidential order on Saturday Tariff Add 10 % tax on imports from Canada and Mexico to products from China. Canada responded a few hours later with its own retaliation tariff, but Mexico also plans to issue duties to the United States.
According to Reuters in China, China states that China will disagree with tariffs through World Trade Organization, and that this movement “seriously violates” the WTO rules.
Salvo that the president is playing cards I was threatening before I returned to power Earlier this month, we emphasize the willingness to use trade policies to some of the largest US economic allies in the United States.
Tariff Please come into effect at 12:01 am on Tuesday. Orders impose 25 % tariffs on products from Canada, but “energy resources” such as petroleum and gas are hit only with 10 % tariffs.
The order can increase or expand the obligation to be imposed under this order if any of the three countries “retaliate to the United States” in “imported tariffs” or “similar measures”. He says that he has sex. 。 “
According to the White House, Salvo aims to suppress the flow of unwritten immigrants and illegal drugs to the United States. Promote the resurrection of domestic manufacturing. Increase federal income.
In a statement posted on social media after the announcement, Mr. Trump ordered International Emergency Economic Power Law “Because of the great threat of a fatal drug that kills illegal aliens and citizens, including Fentanyl.”
At a press conference on Saturday nights, Canada announced that it would retaliate with 25 % of the $ 155 billion -worth US products, and the first tariff has come into effect on Tuesday.
“This includes an immediate tariff on products equivalent to $ 30 billion as of Tuesday, and 125 billion dollars -worth of US customs duties in 21 days, and Canadian companies and supply chains make alternatives. You can find it. ”
In a statement posted on social media, Mexico’s President Claudia Shainbaum instructed Economic Secretary to summarize his response, “in the defense of Mexico’s profits,” and other measures. Was stated.
“We assert that the Mexican government has been linked to a criminal organization and refuse to try to interfere with our territory,” he wrote. Ta.
John Murphy, a senior vice president of the US Chamber of Commerce, claimed himself as the world’s largest business organization, accused Mr. Trump’s decision, and said, “The charges of tariffs under IEEPA are unprecedented. It is not solved, and simply raises the price of American families to overturn the supply chain. “
Murphy added, “We will consult with members, including the main street business nationwide influenced by this movement, to determine the next step to prevent Americans from economic harm.”
The three industrial groups in the distilled liquor industry -US Distilled Spirit Council, Tequila Industrial Office, Spirits Canada -“is deeply concerned that” the US tariffs on imported spirit from Canada and Mexico are remarkably concerned. It is a rehearing tax cycle that damages all three countries.
Bob Hemesus, a farmer in Iowa and chairman of the farmer for free trade, says that it is a agricultural group that defends more public trade, and Canada, Mexico, and China are “American AG economy. It is an indispensable market. “Putting tariffs in the three largest export markets for American farmers and ranchers, especially for a long period of time will result in serious results.”
Mr. Mike Johnson, Chairman of the House of Representatives, praised the order in a social media that Mr. Trump, “Mexico, Canada, and China, have been accounted for the roles in the flow of illegal aliens and illegal drugs across our borders. This country is currently notified of his work.
Chuck Schumer, a leader in the Senate, criticized a series of social media posts.
Experts have warned that the impact of tariffs could affect Canada, Mexico, China’s economy (the largest trade partner of the country) and the United States itself. According to Wendon Chang, Professor of Cornell University, the economy in Canada could shrink 3.6 %, but Mexico could be hit 2 %.
At the same time, the US inflation rate increased by one percent, reaching 4 % a year, or 2 % of the year could double the goal of the federal preparation system in January. 。 。
“We can cause a sudden increase in tariffs on US trading partners, causing negative economic hits in combination with aggressive impulse and positive impulse, and causing the volatility of the financial market. I emphasize that. ”
DACO said, “These tariffs on Mexico, Canada, and China give courage for other countries for potential targeting and US companies navigate the confusion and retaliation of supply chains. It will be the first main wave of Trump in a new term of Trump.
American consumers have endured the influence of Trump’s tariffs, and have informed the public opinion polls that they had expected to see higher prices if the President was planning to enact them. Economists say that these expectations may have urged to buy the product before Mr. Trump took office on January 20.
“It seems that mere prospects of tariffs seem to affect the behavior of consumers and companies,” said Oxford’s analysts in research notes. “Imports have increased rapidly in December. Perhaps, while trying to make tariffs the forefront, consumers may move forward in anticipation of raising tariffs related to tariffs.”
US consumer I was able to see a higher price For agricultural and agricultural products imported from Canada and Mexico, the former beef, the latter avocado and strawberries. According to TD Economics, cars may have an average price increase of $ 3,000 for tariffs for tariffs.
