February 1, 2025
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Economy

Trump’s tariffs can break the US trade at $ 2.1 trillion

New tariffs of 25% for products from Mexico and Canada and 10% for goods with China can potentially break the annual trade volume by more than $ 2.1 trillion.”, – WRITE: epravda.com.ua

New tariffs of 25% for products from Mexico and Canada and 10% for goods with China can potentially break the annual trade volume by more than $ 2.1 trillion. About it reports Reuters. According to Reuters, US President Donald Trump is expected to sign a decree on the introduction of new high tariffs on Saturday on February 1, 25% for products from Mexico and Canada and 10% for imports from China. Trump, however, mentioned the potential exclusion for oil from Canada, saying that the tariff rate would be 10% compared to 25% planned for other Canadian imports. Advertising: it was thought that these steps were aimed at pushing Canada, Mexico and China To decisive action to stop the flow of fentanyl and chemicals of the prurers in the United States, as well as to stop the intersection with illegal immigrants of the US southern and northern borders. But when communicating with journalists in the White House, Trump rejected the opinion that his tariff threats were only a tool of trading. “No, it’s not … We have a big (trading) shortage, as you know, with all three,” said the US President. The advertisements: new US restrictions can potentially break the annual trade in the amount of more than $ 2.1 trillion . Trump acknowledged that high duties could lead to increased costs for consumers and that his actions can cause interruptions in the short term, but said that he was not concerned about their impact on financial markets. President of the National Foreign Trade Council, which represents the interests of the largest American companies Jake Kolvin said that stronger tariffs against key trade partners of the United States “can affect the value and availability of everything – from avocados to air condition dialogue. ” Recall: US President Donald Trump has declared intentions to impose duties on products from EU countries.

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