Trump to enact tariffs on Mexico, Canada and China starting Feb. 1, White House says


Increased rates in Canada, Mexico could increase prices in the United States


Increased rates in Canada, Mexico could increase prices in the United States

04:16

President Trump will promulgate 25% of rates for imports from Mexico and Canada from February 1, as well as a 10% rate to China’s imports, according to White House spokeswoman Karoline Leavitt.

“The president will implement 25% of rates tomorrow in Mexico, 25% of rates in Canada and a 10% rate in China, for the illegal Fentanil they have obtained and let. Millions of North -Americans, “Leavitt said in an informative session of the White House on Friday.

Trump has said he is Directing -SE to Canada and Mexico – The largest commercial partners of the nation – together with China, with rates to force them to stop the flow of immigrants and illicit drugs without documentation in the United States, the president has also said that the rates will generate money for the Federal government, although import rights are paid by United States importers. Companies such as Walmart, Target and other American importers often have costs related to rates for American consumers.

Asked if Mr. Trump’s new rates in Mexico, Canada and China would include some exemption, Leavitt said he had no information on this subject.

Mr. Trump’s goals include restricting commercial surplus between these nations and the United States

United States trade deficit with Canada has gone from $ 31 million in 2019 to $ 72 million by 2023, largely reflecting the growing North -American energy of Canadian energy. During this same period, the gap with Mexico has gone from $ 106 billion in 2019 to $ 161 billion, as the United States reduces imports from China and brings more electronic items, shoes and other southern products of southern The border.



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