US President Trump announced tariffs on China, Mexico and Canada

 By Dr. S. Chakraborty

US President Donald Trump has announced new tariffs on all goods imported from China, Mexico and Canada. Last year, together, these three countries accounted for more than 40% of imports into the US.

Trump said, beginning on Tuesday, the US would impose tariffs of 25% on Canada and Mexico and 10% tax on goods from China. Energy supply from Canada only faces a lower 10% tariff.

Clarifying the stand, the White House said, tariff announcement has become ‘necessary to hold China, Mexico and Canada accountable for their promises to halt the flood of poisonous drugs into the United States.’ The White House goes further and stated that Mexico government has an ‘intolerable alliance’ with Mexican drug trafficking organizations.

US President Trump wrote on his Truth Social platform that the measure had been taken through the International Emergency Economic Powers Act (IEEPA) to counter major threat from illegal immigration and drug trafficking.

All the three countries are preparing for retaliatory tariffs of their own.

For detail

China, Canada and Mexico vow swift response to Trump tariffs

Trump tariff live updates: American companies brace for fallout


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