“Trump announces 25% tariffs on imports from Mexico and Canada from February 1 Donald Trump plans to introduce new tariffs on imports from Mexico and Canada, and also threatens 100% tariffs on China via TikTok. The US president announced the use of tariffs as the main tool of international economic policy.”, — write on: unn.ua
Trump announced this during a briefing in the Oval Office UNN with reference to the Financial Times.
Details
He said that such measures are designed to strengthen the US economy. His words had an immediate effect: the currencies of Canada and Mexico began to fall, and futures for American stocks fell.
In addition, the 47th US president threatened to impose 100% tariffs on Chinese imports if Beijing did not agree to hand over at least 50% of the TikTok app to an American company. Trump also set conditions for the European Union: either they buy more American oil or face tariffs on European goods.
The new course and the “golden era” Trump, after the inaugural speech, promised to end the “decline” of America and start a new “golden era”.
Trade policy as a tool of influenceTrump called tariffs the main tool of his international economic policy, saying that they are necessary to increase US revenues.
We will no longer tax our citizens for the sake of enriching other countries. We will tax other countries to ensure the welfare of our citizens
Among other economic initiatives, the possibility of introducing a universal tariff on all imports is considered, which he actively promoted during his election campaign.
We will remind
Canada has drawn up an initial list of 150 billion Canadian dollars ($105 billion) worth of U.S. goods that will be subject to tariffs if U.S. President-elect Donald Trump imposes tariffs on Canadian goods.
At the same time, Mexican President Claudia Scheinbaum announced a plan to increase domestic production and reduce imports.