The American’s biggest trade partner supports the US President’s threat of attacking Canada and Mexico with a new obligation, and then Donald Trump’s tariffs on export.
Ota and Mexico City officials have plans to retaliate to Washington with their own tariffs, and have increased their prospects for the trade war. Companies around the United States and the world have warned a wide range of confusion if the Trump administration progresses.
Trump, as President’s promised, many economists that impose a higher duty of overseas products, not rapidly reducing inflation, but imposing higher duty from overseas products. Ignored concerns, and repeatedly, I repeatedly pledged in the campaign trail to use tariffs to revive the US economy.
Trump’s campaign has attacked all foreign goods universal tariffs, but the Trump administration has so far choosing a specific US trading partner. The President has revealed that the China and the European Union can be visible, but have focused on the nearest American neighbors.
A few weeks after winning the election last November, Trump was in his social network, and after his inauguration, “sign all necessary documents” to impose 25 % of the tariffs on Mexico and Canada. Was announced. He said that Mexico had to stop the “illegal alien” that he had to stop crossing the United States, and Canada had to stop the flow of drugs like Fentanyl. “Until they do that, it’s time for them to pay very much!”
In fact, Trump did not sign these documents following the inauguration ceremony. Instead, he introduced the deadline that the two countries have to solve his concerns.
When asked about the deadline on Thursday, he stated: Probably will make that determination tonight. “
Claudia Symbaum, President of Mexico, has already accepted the various immigration initiatives that her government has made. Experts are questioning Trump’s demands from Canada, and since Fentanyl rarely enters the United States across US borders, the US Narcotics Executive Bureau (DEA) in the 2020 report in Canada. I even omitted to mention.
In this detail, Trump claimed that his administration will increase hundreds of billions of dollars and even $ trillions of trillions through tariffs that boost the US economy. He talked about establishing an “external revenue service” to collect money.
He and his allies continue to talk about tariffs as a trend of financial revenue in the United States, but Trump is highly appreciated by both politicians and real television stars. In the past, they were raised as negotiations tactics. threat.
This strategy took place in less than a week of his inauguration ceremony. The White House threatened Colombia as a punishment and sanctions as a punishment that refused to accept a military service carrying decoration. Colombia agreed later and the threat was withdrawn.
In Canada, the Minister has expressed optimism that a resolution will be possible by Saturday. “I hope we can solve this. The Minister of Public Security, David McGin, told the reporters.” I don’t know why we can’t do it right now. “
Since the first social media post on Trump on Canadian borders, Ottawa officials have promised $ 1.3 billion on new measures, including the use of two Black Hawk helicopters and 60 drones.
But it’s ready to return. The first round of retaliation tariffs has minimized damage to the United States, which covers $ 37 billion in Canada, and the Federal Government in Canada imposes tariffs on $ 110 billion. I am planning to escalate.
Lawrence Harman, a CD -how international trade lawyer and senior fellow, states: Research Institute. “We must recognize that we have entered a new era in Canada and other areas.
“There is no rule in the Trump administration. We do not respect international treaties and agreements. The US signatures on international documents are no longer valuable.”
On the other hand, in Mexico, the government has been preparing to be ready to do more about immigration and Fentanil’s trafficking shortly after Trump’s threat starts, but is trying to prelge a trade war. I am.
“We don’t think (tariffs) will (and if so, if we have a plan, we have a plan,” Shainbaum said on Wednesday.
“People are worried and uncertain here. This is what Donald Trump is trying to create,” said Kenneth Smith, formerly negotiator of Mexico during the USMCA’s free trade agreement. Ramos said. During the first Trump administration.
“It’s like a chicken game. The two cars are in a hurry toward each other at the maximum speed,” he said. “Mexico must send a signal that the car is not a small one and is a great possibility that it can hurt the United States.”
Exports account for about 40 % of Mexico’s gross domestic product (GDP), with more than 80 % of them go to the United States. “It will never be replaced with other countries with other countries,” said Smith Ramos, when an economic dispute with the United States occurs, the government attempts to diversify the export market.
The Minister emphasized that a “cool head” was needed in the face of Trump’s public threats, and refused to disclose the action plan if tariffs were imposed. “But we can be convinced that we have greatly studied it,” Mexico’s economic secretary Marcelo Ebrad recently said. “There is no surprise or too early reaction.”
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