Trump tariffs hit Canada, Mexico and China in new trade warstar-news.press/wp

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The President Donald Trump officially announced new tariffs on imports from the best trade partners of the United States, asphalting methods for retaliation and new trade war.

Trump stated the truth of social social in his social media that he implemented a 25% tariffs on imports from Canada and Mexico, with a lower 10% tariffs on Canadian oil. He said he also implements 10% of the rates of imports from China.

“This was done through an international act on emergency economic powers (IEPA) due to the great threat to illegal foreigners and deadly drugs killing our citizens, including Fentanil,” Said Trump. “We need to protect Americans, and my duty is as president to ensure the safety of everyone. I promised to stop the flood of illegal strangers and drugs to pour out of our borders, and Americans voted over.

Trump, which obese tariffs, the cornerstone of its economic policy, first threatened counties with large tariffs, stating the flow of illegal drugs such as Fentanila and the threats several times in a new way have repeated weekly weeks, along with trade deficit between the United States and these countries, which marked a “massive” subsidy.

According to an agreement on the non-SPP tax fundProposed trumpeted tariffs for Mexico, Canada and China and increased the economic output by 0.4% and increase taxes for 1.2 trillion of $ 1.2 billion between 2025. And 2034 years. This year is in the average tax on more than $ 830 per household this year.

Between January and 20. The November store with Canada came to $ 699 billion, and $ 776 billion with Mexico, it is stated in the Bureau of the U.S. census. Now import 157.2 billion dollars of valuable goods from Mexico than exports, while Trade deficit With Canada is about $ 55 billion. China was an American third largest trading partner last year, with the total trade of November violent More than $ 532 billion and a $ 270 billion trading deficit.

Read more: All Ways Trump threatened tariffs, from Canada to Russia

Automehari will be in particular vulnerable. According to S & P global mobility (SPGI-0.46%), Almost all original equipment manufacturers will affect the tariffs on Canada and Mexico.

About 3.6 million light vehicles were introduced from the two countries, and accounting for 22% of all vehicles sold in American Wolfe survey was introduced estimated 25% tariff would add about $ 3,000 to the average cost of sold vehicles in the USA

Volkswagen (Vwagy-0.58%) is the most endangered, with 43% of US sales from Mexico. Followed by Nissan (Nsany+ 1.02%) (27%), true (Stress-3.22%) (23%), general engines (Gm-0.10%) (22%), Ford Motor Co. (F-1.13%) (only shy than 15%), Honda motor Co. (HMC-1.73%) (13%) and Toyota Motor Co. (TM-1.21%) and Hyundai Motor Co. (Hymtf-0.18%), which of each source sells 8% of their US sales from Mexico, according to global mobility S & PA. Several companies, including GM and Ford, also original vehicles from Canada.

“As for possible tariffs, we work through our supply chain, logistics network and prefabricated plants so we are ready to alleviate near economical influences”, GM CEO Mary Barra told This week.

“Imposing tariffs, which is very likely, will have an impact on our business and profitability” Tesla (Tsla+ 0.64%) CFO VAIBHAV Taneja told investors in Wearnsday An earnest callNoting that the company “is very relied” on parts from around the world. Tesla Director General Elon Musk said last year The company would stop their work at the Mexico factory over Trump Tariffs.

Oil tariffs could also become a problem.

Canada dispatched More than four million barrels of crude oil in the USA every day during the first 11 months 2024. year, while Mexico delivered 465,000 a day, making them the greatest exports of crude oil to the USA to which it is far away. Timothy Fitzgerald, Professor of the Business Economy at the University of Tennessee, said abc news This could increase gas prices for as much as 70 cents per gallon over the US

Other main imports From Canada, Mexico and China include fruits and vegetables, aluminum, wood, plastic, electronics, semiconductors and other goods. Now in 2003. imported $ 38.5 billion in agricultural goods from Mexico, including 90% of all avocados, together with $ 40,5 Billion valuable agricultural imports from Canada.

Each of the influences of the nation reads their response, although the exact details are still unclear.

“Nobody – on both sides of the border – wants to see US tariffs in Canadian Robbie,” said Canadian Prime Minister Justin Trudeau UA statement Friday. “We work hard on preventing these tariffs, but if the United States moves forward, Canada is ready with a strong and immediate response.”

Mexico President Claudia Sheinbaum said on Wednesday that she did not believe that now would impose tariffs, but that her administration has a reply ready. Mao Ning, Spokesperson for the Chinese Ministry of Foreign Affairs, said last week Yes “Trade wars and tariff wars do not have a winner, they do not serve the interests of any parties and were not useful for the world.”

Mexico tariffs would probably be targeted food products, such as cheese, pork and whiskey, with produced steel and aluminum, Reuters reports. Canada would target $ 25.6 billion goods, including food and drink, dishwashers and toilets, New York Times reported.