Trump threatens sweeping new tariffs on Mexico, Canada and China on first day in office
1 month, 2 weeks ago

Trump threatens sweeping new tariffs on Mexico, Canada and China on first day in office

The Hindu  

U.S. President-elect Donald Trump is threatening to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office as part of his effort to crack down on illegal immigration and drugs. We hereby demand that they use this power," he went on, “and until such time that they do, it is time for them to pay a very big price!” Focus on China Mr. Trump also turned his ire on China, saying he has “had many talks with China about the massive amounts of drugs, in particular Fentanyl, being sent into the United States – But to no avail.” “Until such time as they stop, we will be charging China an additional 10% Tariff, above any additional Tariffs, on all of their many products coming into the United States of America,” he wrote. Whether it is getting allies to spend more on their own defence, opening foreign markets to U.S. exports, securing cooperation on ending illegal immigration and interdicting fentanyl trafficking, or deterring military aggression, tariffs can play a central role.” Border crossing Mr. Trump's threats come as arrests for illegally crossing the border from Mexico have been falling. It’s unclear from Mr. Trump’s social media post how he would legally apply tariff hikes on those two pivotal U.S. trade partners, but the 2020 deal allows for national security exceptions.

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