Tom Geoghhegan and Laura Bicker
BBC News, London and Beijing
Getty ImagesThe President Donald Trump moves forward with 25% of tariffs on goods imported from Canada and Mexico in the United States, saying that time has expired the agreement.
The U.S. Stock Exchange are sunk in response to measures, which are threatening from earlier this year and arose into force on Tuesday.
An additional 10% of tariffs in Chinese imports are expected to enter into force, leaving all three American first three trading partners of coping with significantly higher trade barriers than just a few weeks ago.
“No room left for Mexico or Canada”, said Trump in the White House on Monday. “Tariffs, you know, they’re all placed. They come into effect tomorrow.”
Trump threatened to impose tariffs – the tax added to the product when he enters the country – in Canada, Mexico and China in response to what he says is an unacceptable flow of illegal drugs and undocumented migrants in the United States.
It has already imposed a 10% tariff in Chinese exports in the US last month, which means that the goods from the country are faced with a nation of at least 20%.
All three countries said they would retaliate against the United States in response to tariffs, raise the prospects for expanding the trading war.
Canadian Foreign Minister Melanie Joly said that the tariffs are “an existential threat to us” with “thousands of jobs in Canada in question”.
She said that Canadian officials had “constructive conversations” with trump cards to try to prevent 25% of the levies, but warned “We are ready with counters’ tariffs.”
Trump has long maintained that tariffs were a useful tool for correcting trade imbalance and protection of American production.
He mainly rejected concerns that measures risk economic damage in the United States, despite close relationships, especially in North America, where companies enjoyed the decades of free trade.
“What will have to do is build his cars, sincerely and other things, in the United States, in which case they have no tariffs,” he added.
The three main indices in the US sank after the Trump comments. The Dow Jones Industrial ended the day by 1.4%, S & P 500 sank 1.75%, and Nasdaq fell 2.6%.
Officials from Canada and Mexico were in the last days in Washington, trying to avoid tariffs.
President Mexico, Claudia Sheinbaum, appeared to send a message to Trum earlier on Monday, when she told the public event in the city of Coli that “Mexico must be respected.”
“Coordination of cooperation (s), yes, subordination, never.”
Canadian Prime Minister Justin Trudeau said on Sunday, from the summit of Ukraine in London, that Canada was “not a problem” as a source of illegal Fentanila in the United States.
It is considered that only 1% of Fentanil seized in the USA has to come from Canada, in accordance with US data.
Canada (CBSA) border service agency says that he is “adjusting” his efforts to deal with Fentanic transition to the United States.
Canada has repeatedly said that the tariffs would harm both economies, but they added that they would defend themselves if they happen.
Last month, he prepared a $ 30 billion list ($ 23.6 billion) in the value that said it would be imposed in response to American tariffs. Items on that list include daily goods such as pasta, clothing and perfume.
The Canadian Interior Minister Anita Anand met officers in Washington in recent days and said over the weekend, will be the answer.
“We are calm behind the wheel. We prepare for any possible possession, but we will defend our country’s economy in every institute,” She told the CBC news.
The Chinese State Council for State Long Text said that Beijing prepared countermeasures, which would probably target American agricultural and food products.
President Trump also announced a collection of 25% on all steel and aluminum imports, which should take effect 12. March.
In addition, he threatened to impose adapted “reciprocal” tariffs according to individual countries, as well as 25% of tariffs on the European Union.
2025-03-03 21:55:00
