The newly elected president of the United States (he will be sworn in in January), Donald Trump, is known for his outspoken statements. Now his latest statement has shocked three countries. Donald Trump plans to increase tariffs by an additional 10% on all Chinese goods entering the United States. In addition to China, Trump has also promised to impose an additional 25 percent tax on Canada and Mexico. Trump gave this information on social media last Monday.
The Regional Free Trade Agreement will end
According to CNBC News, after this post from Trump came another post. In it, Trump said that the first of the remaining orders from January 20 would also be to impose a 25% tariff on all products coming from Mexico and Canada. This will end the regional free trade agreement. Let us tell you that Donald Trump will be sworn in as the next president of the United States on January 20. Trump cited illegal immigration and illegal drug trafficking as the reason for imposing tariffs.
Trump gave the argument
Trump said he had spoken to China many times about sending large quantities of drugs, especially fentanyl, to the United States, but to no avail. Even contrary to its promises, Beijing has not imposed the death penalty on these drug traffickers. Fentanyl, a synthetic opioid, is an addictive drug that causes thousands of overdose deaths each year in the United States. Trump said drugs enter our country primarily through Mexico, something that has never been seen in such quantities before. Until they stop, we will impose an additional 10% tariff on all their products arriving in the United States from China.
They threaten to impose a 60% tariff on Chinese products
While campaigning for president, Donald Trump had threatened to impose a 60% tariff on Chinese goods. According to United States data as of September, Mexico is the United States’ largest trading partner, followed by Canada and China.
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