According to the White House owner, these two countries “have never been kind to the United States in trade.”
US president Donald Trump said he decided to introduce 25% of the role of goods from Canada and Mexico and, perhaps, 10% from China. As a reason, he called the flow of drugs and a broad trade deficiency. He said this on Thursday, January 30, reported Bloomberg.
According to him, the introduction of tariffs for importing goods from Canada and Mexico has many factors: the first is the migrants who are illegal in the country, the second is drugs, the third – large subsidies provided by the United States to Canada and Mexico in the form of a deficiency.
“Mexico and Canada are never kind to us in trade. They are not fair to us in trade. We don’t need what they have,” Trump said.
He added that tariffs will not be affected by all imports. For example, Canadian oil can be released from duties. After his statement, the US dollar has grown to the strongest levels related to the Canadian dollar in five years.
The S&P Global Ratings report on January 30, 2025 claimed that these duties would further affect the Mexican vehicle industry, the Canadian industry and the rubber industry, in particular.
In the past, Trump also talked about 10% of the role for China from February 1, but in a conversation with journalists, he was not very decided to continue this fee. At the same time, the president said he was “thinking about doing something” because of the alleged amount of fentanyl coming to the United States from China.
“China will also pay tariffs for it, and we’re doing it now … we’ll decide how it will be,” Trump added.
Trump also said on Thursday that he would decide whether to introduce Canadian oil duties before the end of the day.
Remember that Canadian Prime Minister Justin Trudeau said Canada was ready for a response if Trump introduced duties.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.