Breaking News
June 21, 2025 - Chelsea's Pedro Neto Prefers Club World Cup Over Beach Relaxation June 21, 2025 - Breaking News: Latest Updates from ESPN Contributor June 21, 2025 - Marcus Rashford Plans Man United Training Return Amid Transfer Uncertainty June 20, 2025 - Flamengo Upsets Chelsea in Club World Cup Clash June 20, 2025 - Flamengo Stuns Chelsea with Thrilling Rally in FIFA Club World Cup Match June 20, 2025 - Liverpool Break Transfer Record for Leverkusen's Florian Wirtz June 20, 2025 - Liverpool Signs Florian Wirtz from Bayer Leverkusen in Record Transfer Deal June 20, 2025 - Flamengo vs. Chelsea: Live Coverage of FIFA Club World Cup Game on ESPN June 20, 2025 - Galatasaray Monitoring Ilkay Gündogan's Situation at Manchester City June 20, 2025 - London City Lionesses Sign Daniëlle van de Donk on Free Transfer
  • HotRecentNews.com
  • World
  • Politics
  • Sports
  • Entertainment
  • Science
  • Technology
  • Health
  • Cambridge
HotRecentNews.com
Menu
  • World

  • Politics

  • Sports

  • Entertainment

  • Science

  • Technology

  • Health

  • Cambridge

Home / World / Trump Threatens Trade War with Canada, Mexico, and China

Trump Threatens Trade War with Canada, Mexico, and China

Trump Threatens Trade War with Canada, Mexico, and China
No Comments 8
Facebook X
World November 26, 2024 07:00

washington - President Trump announces plans to impose import tariffs on Canada, Mexico, and China citing concerns over drug trafficking and illegal immigration.

President Trump is steering towards a trade war with Canada, Mexico, and China even before taking office. In a Monday evening social media post, the Republican revealed his intentions to impose a 25 percent import tariff on all products from Canada and Mexico due to their alleged insufficient efforts in controlling the flow of migrants and drugs into the US.

Trump stated, "This tariff will remain in effect until this invasion of drugs, particularly fentanyl, and all illegal migrants stops." He also announced plans to sign a presidential decree immediately after his inauguration on January 20.

China is also under fire as it produces raw materials for fentanyl. The President plans to impose a generic additional import tariff of 10 percent on the country, citing China's lenient actions against drug criminals and failure to uphold previous agreements.

The announced measures have the potential to trigger a trade war. The three North American countries trade over $1.5 trillion worth of goods amongst themselves. The trade between the US and China amounts to approximately $600 billion. It is expected that the affected countries will retaliate if Trump follows through with his plans in January.

Experts caution that Trump's actions could violate existing trade agreements between the North American countries and effectively destroy them. The USMCA agreement allows goods to pass between the US, Canada, and Mexico without tariffs.

The US mainly imports oil and cars from its two neighboring countries. Economists warned during the election campaign that Trump's tariff plans could reignite inflation. The Republican had promised voters import tariffs on China ranging up to 60 percent and 10 to 20 percent for other countries.

Scott Bessent, the nominated Treasury Secretary, stated that these were extremes and the sanctions should be seen primarily as a negotiating leverage.

NEW TikTok Removes #SkinnyTok Worldwide After Pressure from Brussels and Paris

Leave a comment Cancel

reload

Trending Now

  • Today
  • Yesterday
  • Month
  • Comments
  • 1

    Analysis of the Club World Cup's First Week: Takeaways and Observations

    June 22, 2025
  • 1

    Transfer News: Arsenal and Chelsea Interested in AC Milan's Rafael Leão

    June 21, 2025
  • 2

    Assessing Premier League's £100m Transfers: Ranking Wirtz and Previous Signings

    June 21, 2025
  • 3

    Emiliano Martinez Desperate for Manchester United Move

    June 21, 2025
  • 4

    André Onana Prefers to Stay at Manchester United Amid Monaco Interest

    June 21, 2025
  • 5

    Real Madrid and Barcelona Dominate FIFA Club World Cup History

    June 21, 2025
  • 1

    Gigantic 'Bird-Like Object' Spotted Near the Sun by Russian Astronomers

    May 26, 2025
  • 2

    Ukraine's Operation Spiderweb Strikes Russian Air Bases, Tensions Rise

    June 2, 2025
  • 3

    Polish Paradox: New President Karol Nawrocki's Eurosceptic Stance Challenges Brussels

    June 2, 2025
  • 4

    Polish Prime Minister Tusk Requests Confidence Vote After Election Loss

    June 2, 2025
  • 5

    Spain Defeats France in Thrilling 9-Goal Match to Advance to Nations League Final

    June 5, 2025
Hot Recent News
The HOTRECENTNEWS.com is not responsible for the content of external sites.

SEARCH

  • World News

Back to Top