Trump Confirms Tariffs on Canada, Mexico; Doubling Fees on China
President Trump confirmed that 25% tariffs on Canada and Mexico will commence Tuesday and announced additional tariffs on China. These measures, aimed at combatting drug trafficking, follow previous trade negotiations and reflect ongoing national security concerns regarding narcotics entering the United States.
On Thursday, President Donald Trump announced that the previously proposed tariffs on imports from Canada and Mexico will be implemented starting Tuesday. Additionally, he has expressed intentions to double tariffs on Chinese goods. This decision comes after Trump temporarily halted the 25% tariffs in exchange for commitments regarding border security from both neighboring countries.
In a statement posted on Truth Social, Trump remarked that drug trafficking continues unabated from both Canada and Mexico, citing high levels of fentanyl production in China. “Drugs are still pouring into our Country from Mexico and Canada at very high and acceptable levels,” he stated.
The President indicated that the 25% tariffs on Mexican and Canadian imports will proceed as planned, along with an extra 10% tariff on Chinese goods, which is in addition to the existing 10% tariff announced earlier in the month. “We cannot allow this scourge to continue to harm the USA,” Trump emphasized.
This announcement marks a pivotal moment in trade relations, reaffirming his administration’s stance on addressing drug-related issues through economic measures. Trump underscored that, unless the flow of drugs is sufficiently curtailed, these tariffs would indeed take effect on March 4th.
As this is a developing story, updates are anticipated. For further information, please follow updates from Joey Garrison on X @joeygarrison.
In summary, President Trump’s declaration of renewed tariffs demonstrates a robust approach to addressing drug trafficking concerns, particularly emphasizing the threats posed by imports from neighboring countries and China. This move, involving an imposition of tariffs on varying degrees, reflects a continued commitment to altering trade dynamics to enhance national security.
Original Source: www.usatoday.com
