Saturday, Donald Trump, promised that Canada, Mexico, and China retaliate with immigrants and illegal drugs, and that they will enter the United States from those countries.
White House stated that tariffs will be implemented from February 1, but the title is the title of the title of imposing an obligation to cross the northern borders and address the flow of illegal drugs in accordance with the president’s presidential decree. It will be valid after 12:01 AM in the eastern part. ” Time on February 4, 2025.
From Mar-A-LAGO, Trump signed three administrative orders that place 25 % of tariffs on all products from Canada and Mexico, and signed 10 % of tariffs on both Canadian oil exports and Chinese products. did. All tariffs are imposed under the authority of the International Emergency Economic Law. If the state affects retaliation, the tariff rate will increase if the White House officials are pointing out.
So far, you know about Trump’s tariffs:
What is the tariff issued by Trump?
The White House said that it would put a 25 % tariff on Canada and Mexico and 10 % of tariffs in China. It is still unknown how much tariffs will be. Trump can exempt a specific sector such as petroleum or gas, or select tariffs to limit the group.
Over the past week, as the deadline approached, some of Trump’s advisors seemed uncertain whether they were imposed or when they were imposed. “When can’t I say?” Peter Navaro, an advisor to Trump’s senior trade and manufacturing, told the CNBC on Friday.
Even Trump’s advisor is struggling to catch up with his next movement, so anything can happen before the tariff is charged.
What is tariffs, and why does Trump want to use it for a specific country?
Customs duties are taxes imposed on foreign goods imported into the country. The United States is currently the world’s largest product importer, and in 2022, the value of US imports was a total of 3.2 tons.
Before taking office, Trump threatened the tariffs in China, Mexico and Canada, the largest trade partners in the United States. Specifically, he said he would like to see 25 % of the tariffs in Mexico and Canada and 10 % of China.
Trump regards customs duties as a powerful negotiation chip, which is expensive.
Trump has given a framework as a policy that allows US manufacturers and importers to produce it in Japan.
“All you need to do is build your plants in the United States, and you don’t have a tariff,” Trump said. However, the global economy has been tangled for decades. For example, US farmers cannot produce the number of avocados produced by Mexico for many years.
What this means is that importers probably pushing the cost of tariffs to consumers and rising prices.
Is our consumers affected by tariffs?
The consumer price increases due to 25 % tariffs on all imports from Mexico and Canada. Canada is a major exporter in crude oil, but Mexico exports many fresh fruits and vegetables. Mexico is the largest US car parts exporter. China is a major exporter in chips used in electronic devices such as mobile phones and laptops.
In total, the United States imported from Canada, Mexico and China in 2023.
Consumers buy directly not only imports. When customs duties push up import prices, they include imported materials used in the United States to create other products in Japan. When the price of the material increases, the consumer eventually comes out.
The tax foundation, a superbinic think tank, estimates that 25 % of the tariffs on Mexico and Canada and 10 % of taxes as taxes will increase the overall tax. Trump celebrates the idea of receiving more income through tariffs, but ultimately will make a bill for US consumers.
Americans are brave due to the impact of prices. A poll of Harris/Guardian in November said that nearly two -thirds of Americans, Trump would have a wide range of tariffs.
Which federal law does Trump give the authority to enact tariffs?
The US Federal Law has given the President a wide range of authority to establish tariffs without the approval of Congress.
Trump has the power to declare national economic emergency to establish his tariffs. This is called the International Emergency Emergency Economic Law (IEEPA). As a result, the President gives the authority to manage imports in an emergency.
Trump can also apply duties based on the Section 232 of the Trade Expansion Law. This allows the president to impose tariffs on a specific industry. This was used by Trump in 2018, when Canada, Mexico and European Union attacked aluminum and steel with tariffs.
How did other countries respond to Trump?
Canada and Mexico leaders have proposed to cooperate with the Trump administration to take his concerns about immigrants and illegal drugs. Canada said he has discussed with American officials about the establishment of the Fentanyl Strike Force in North America. Mexico, on the other hand, said that it would create a similar group for immigrants.
If this cooperation is not enough for Trump, Canada and Mexico will probably carry out their own tariffs on the import of the United States that hurt American businesses. Canada’s Prime Minister, Prime Minister, said on Friday that his country would have a “powerful but rational” tariff on the United States.
After Trump puts tariffs on Mexico steel and aluminum in 2018, Mexico is trying to damage US manufacturers in retaliation by responding to pork, cheese and other products. The United States and Mexico ultimately reached an agreement in 2019 to cancel the tariff.
Do you have any questions about Trump tariffs? Do you wonder how to affect inflation, price, or economy? We are here to help. Please email Callum.jones@theguardian.com. You can answer your questions in future stories
