February 5, 2025
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Trump announced the introduction of duties on goods from the European Union

US President Donald Trump warned Americans that they could face economic “pain” through the introduction of duties”, – WRITE: www.radiosvoboda.org

US President Donald Trump has warned Americans that they could face economic “pain” through recently imposed duties on the three largest trading partners of the United States, and announced duties on goods from the European Union and possibly Britain.

“Will there be pain? Yes, perhaps (and maybe not!). But … all this will cost the price that you will have to pay, ”Trump wrote on February 2 on his social network on the impact of tariffs on US consumers.

Trump told reporters that he was planning to negotiate with Canada and Mexico leaders in early February 3, which, according to experts, could shake the world economy.

“I do not expect anything dramatic,” he said.

Trump added that duties on goods from the EU “will certainly be” and that it will happen “quite soon”. He also suggested that he could impose a duty on goods from the United Kingdom.

From February 1, the United States has imposed 25% of imports from Canada and Mexico, as well as 10% for goods from China. The products of these three countries together make up about 40% of all US imports. Approximately 20-25% of the US oil refinery use oil from Canada. In total, more than 70% of all Canada exports are exported to the United States. Approximately 64% of total imports of vegetables and fruits in the United States come from Mexico.

Canada Prime Minister Justin Trudeau said Canada had planned to install a 25 percent duty on imports with the United States, including drinks, cosmetics and paper products. Mexico President Claudia Shaynbaum also declared response. In the social network X, she wrote that she instructs the Minister of Economy to “implement plan B, which will include tariff and non -tariff measures to protect the interests of Mexico.” She did not reveal the details of the plan.

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