Canada and Mexico hit back against Trump’s tariffs as Beijing vows ‘countermeasures’ – US politics live | US news
Canada and Mexico fell against Trump’s commercial tariff, as Beijing undertakes “counter -measures”
Canada, Mexico and China promised to respond after imposing experimental fees for the United States that it announced Donald Trump on saturday.
Trump claimed that the move was in response to a “great threat” of illegal immigration and drugs. Canadian and Mexican exports of the United States will face a 25 % tariff starting on Tuesday, although energy resources are from Canada A 10 % decrease will be a tax.
Goods from ChinaWhich already faces different rates of duties, will witness an additional 10 % tariff. The tariff is a local tax placed on the goods when it enters a country, commensurate with the value of import.
Trump summoned the Economic Forces Act of International Emergency in imposing definitions, as the White House said, “The extraordinary threat posed by foreigners and illegal drugs, including deadly fentanel, is a national emergency.”
The White House added that the aim of this is to hold the three countries accountable for “the responsibility of their promises to stop illegal immigration and stop the toxic fentian and other drugs from flowing to our country.”
Agence France-Presse (AFP) told a statement issued by the Ministry of Commerce that it would take “counter-measures” and a claim against Washington in the World Trade Organization.
Mexican President Claudia Shinbom She announced that her country would impose reprisals.
Shenbum said that she told her Minister of Economy, “by implementing the plan that we are working on it, which includes tariff and non -carrier measures in defense of the interests of Mexico.”
Canadian Prime Minister Justin Trudeau – who spoke with Sheinbauum – he said separately that his country would review 25 % of its lists on the chosen American goods that could range in value of $ 155 billion (106.6 billion US dollars), with the first round on Tuesday, following one second in three weeks.
“We are certainly not looking to escalate. But we will defend Canada, for Canadian jobs.”
Main events
American consumers will witness higher prices in the gas pump from Donald Trump’s decision on Saturday to apply the customs tariff to Canadian and Mexican oil, according to analysts and fuel dealers.
The potential rise in the prices of fuel for the dual -edge of Trump’s commercial protection, which is designed to enhance local businesses and pressure American neighbors to reduce illegal immigration and drug smuggling, but will also contradict his promises to treat inflation.
The United States imports about 4 million barrels per day of Canadian oil, 70 % of which are treated by refining refineries in the Middle West. It also imports more than 450,000 barrels per day of Mexican oil, especially for centered refineries along the US Gulf coast.
Definitions on these imports mean higher costs to make final fuel like gasoline, many of which are likely to be transferred to American consumers.
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Japan “is deeply concerned” about how Trump’s tariff affects the global economy
Japanese Finance Minister, Katsonobo Kato It has expressed “deep concern” about the proposal of the customs tariff, which may cause a broader trade war as it threatens turmoil through supply chains, from energy to cars to food.
“We are very concerned about how these definitions affect the economy in the world,” he told Fuji TV.
“Japan needs to check these policies and their effects, and take appropriate measures,” Fuji TV said.
Japanese Prime Minister Xiju Ishiba Trump is expected to meet later this week in the United States, according to reports, where Tokyo is trying to strengthen relations with the new Trump administration. Japanese companies are concerned that protective policies can reduce and disrupt global charges.
Acting South Korean President Choi Sang MockMeanwhile, government agencies ordered any impact on local companies and the economy closely after Trump ordered the comprehensive definitions of goods from Mexico, Canada And China, his office said.
These definitions are expected to affect the South Korean companies that run factories in these countries.
China, Mexico and Canada formed more than 40 % of imports in America last year. US President Donald Trump, who has also threatened to impose a tariff against European Union countries, says the new definitions will help the growth of the American economy, raise the issue of taxes and protect American jobs. However, critics, including many economists, have warned that additional costs will be transferred to American consumers, which leads to a actually sharp exacerbation The cost of living calamity.
my colleague Lauren Aartani Do this Useful explanation Explore how American consumers will be affected by definitions, and why Trump uses them to age his political agenda and how other countries responded to the announcement of the American President.
Canada and Mexico fell against Trump’s commercial tariff, as Beijing undertakes “counter -measures”
Canada, Mexico and China promised to respond after imposing experimental fees for the United States that it announced Donald Trump on saturday.
Trump claimed that the move was in response to a “great threat” of illegal immigration and drugs. Canadian and Mexican exports of the United States will face a 25 % tariff starting on Tuesday, although energy resources are from Canada A 10 % decrease will be a tax.
Goods from ChinaWhich already faces different rates of duties, will witness an additional 10 % tariff. The tariff is a local tax placed on the goods when it enters a country, commensurate with the value of import.
Trump summoned the Economic Forces Act of International Emergency in imposing definitions, as the White House said, “The extraordinary threat posed by foreigners and illegal drugs, including deadly fentanel, is a national emergency.”
The White House added that the aim of this is to hold the three countries accountable for “the responsibility of their promises to stop illegal immigration and stop the toxic fentian and other drugs from flowing to our country.”
Agence France-Presse (AFP) told a statement issued by the Ministry of Commerce that it would take “counter-measures” and a claim against Washington in the World Trade Organization.
Mexican President Claudia Shinbom She announced that her country would impose reprisals.
Shenbum said that she told her Minister of Economy, “by implementing the plan that we are working on it, which includes tariff and non -carrier measures in defense of the interests of Mexico.”
Canadian Prime Minister Justin Trudeau – who spoke with Sheinbauum – he said separately that his country would review 25 % of its lists on the chosen American goods that could range in value of $ 155 billion (106.6 billion US dollars), with the first round on Tuesday, following one second in three weeks.
“We are certainly not looking to escalate. But we will defend Canada, for Canadian jobs.”
