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  5. Donald Trump raises China tariffs to 20%, confirms 25% duties on Mexican, Canadian imports starting Tuesday

Donald Trump raises China tariffs to 20%, confirms 25% duties on Mexican, Canadian imports starting Tuesday

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The Trump administration has announced that 25% tariffs on Mexico and Canada will go into effect on Tuesday, as confirmed by Trump himself. This decision comes after officials initially suggested lower tariff levels, but Trump remained resolute in following through with the higher rate. According to Trump, the tariffs are intended to pressure Mexico and Canada to step up their efforts in combating fentanyl trafficking. However, it is also noted that Trump wants to address the trade imbalance with both countries. The US has also decided to increase tariffs on China from 10% to 20% as part of this move.

  1. CA
    Mélanie Joly
    Global Affairs Canada
    1. We are ready with $155 billion worth of tariffs and we're ready with the first tranche of tariffs, which is $30 billion.
  2. MX
    Claudia Sheinbaum
    Morena Party
    1. It's a decision that depends on the United States government, on the United States president.
    2. So whatever his decision is, we will make our decisions and there is a plan and there is unity in Mexico.
  3. US
    Donald Trump
    Republican Party
    1. No room left. The tariffs are all set. They go into effect tomorrow.
    2. Tomorrow – tariffs 25 per cent on Canada and 25 per cent on Mexico. And that'll start.
    3. What they'll have to do is build their car plants, frankly, and other things in the United States, in which case they have no tariffs.
  4. US
    Eswar Prasad
    Cornell University
    1. It's going to have a very disruptive effect on businesses, in terms of their supply chains as well as their ability to conduct their business operations effectively.
    2. There are going to be inflationary impacts that are going to be disruptive impacts.

Trump's tariffs

  1. Donald Trump Announces 90-Day Tariff Reduction with China
  2. US and China Reach New Agreement on Tariffs After Ongoing Trade Negotiations in Geneva
  3. Donald Trump Proposes Significant Reduction in China Tariffs Amid Ongoing Trade Negotiations

sources

  1. 1.South China Morning Post
  2. 2.CTV News
  3. 3.Al Jazeera
  4. 4.France 24
  5. 5.The Guardian
  6. 6.CNA News
  7. 7.Le Monde
  8. 8.The New York Times
  9. 9.The Times of India
  10. 10.Agence France-Presse
  11. 11.CBS News
  12. 12.CNBC

perspectives

  1. 1.US under Donald Trump
  2. 2.Chinese Foreign Policy
  3. 3.US-China Relations
  4. 4.Immigration to the US
  5. 5.US Economy
  6. 6.Inflation
  7. 7.Trade Agreement
  8. 8.World Economy
  9. 9.US-India relations
  10. 10.Mexico under Claudia Sheinbaum
  11. 11.US-EU relations
  12. 12.United States–Mexico–Canada Agreement

countries

  1. 1.CanadaCA
  2. 2.ChinaCN
  3. 3.MexicoMX
  4. 4.Russian FederationRU
  5. 5.UkraineUA
  6. 6.United StatesUS

organizations

  1. 1.White HouseUS
  2. 2.Mirabaud
  3. 3.Republican Party
  4. 4.Taiwan Semiconductor Manufacturing Co LtdTW
  5. 5.Aluminium Association of Canada
  6. 6.Budget Lab
  7. 7.Cornell University
  8. 8.Ford Motors
  9. 9.King & Spalding
  10. 10.Peterson Institute for International Economics
  11. 11.Unifor
  12. 12.Walmart

persons

  1. 1.Donald TrumpUS
  2. 2.Howard LutnickUS
  3. 3.Mélanie JolyCA
  4. 4.Claudia SheinbaumMX
  5. 5.Joe BidenUS
  6. 6.Volodymyr ZelenskiyUA
  7. 7.Eswar PrasadUS
  8. 8.Ian Austen
  9. 9.Jean Simard
  10. 10.Justin TrudeauCA
  11. 11.Peter NavarroUS
  12. 12.Robert Basedow

technicals

  1. 1.Oval Office
Donald Trump raises China tariffs to 20%, confirms 25% duties on Mexican, Canadian imports starting Tuesday