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Trump said that our threats are not just for bargaining. We have a huge trade deficit in these countries.
US President Donald Trump has imposed 25% tariffs on Canada and Mexico from today i.e. February 1 and Extra 10% on China. With this, he signed the executive order. During this time, when Trump was asked whether these countries can do anything to delay tariffs. They replied that no, they cannot do anything now.
Trump said that our threats are not just for bargaining. We have a major trading deficit with these three countries. We will also see further whether to increase it or not, but a lot of money will come in America.
Earlier on Friday, White House spokesperson Caroline Levit said that Donald Trump would impose 25% tariffs on Canada and Mexico from Saturday and 10% on Chinese goods. Because illegal fentinel drugs are reaching our country from these countries, causing millions of Americans to be killed.
Phentineile is a powerful synthetic opioid. Its overdose reduces the supply of oxygen in the brain. This can lead a person to go into a coma, or he can also die.
Europe’s aluminum and copper can be tariffs
Trump is also considering putting tariffs on aluminum, copper, medicine and semiconductor coming from Europe. He said that we are going to put tariffs on steel, aluminum and copper. It will take a little longer to apply tariff on copper.
Trump said that he does not matter what will affect the market by putting tariffs.
America business with China, Canada, Mexico in graphics
Canadian PM said- we will also take action
On Friday, Canadian Prime Minister Justin Trudeau had said that we do not want anything like this, but if he moves forward, we will also take action. According to media reports, Canada can impose tariffs on Trump’s Home State Florida’s Orange juice as a counter -action.
At the same time, President of Mexico Claudia Shinbam said that she will take further decisions by taking stock of the situation. However, he has warned that Mexico can also retaliate. Shinbam Said- We are always to talk without any pressure to honor our people.
China said that We oppose Trump’s decision. There will be no winner in this tariff war. This will neither benefit the two countries nor the world.
Canada-Mexico may get an oil import discount
On Thursday, Trump said that I will impose 25% tariffs on Canada and Mexico, as our deficit with these countries is very high. However, Trump had said that he could think of leeway in oil imports to Mexico and Canada.
According to the Energy Information Administration, in October last year, the US imported about 46 lakh barrels oil from Canada and 5.63 barrels from Mexico every day. Whereas in that month, America’s average daily production was around 1.35 crore barrels per day.
US Free Trade Agreement with Canada and Mexico
Significantly, America has a free trade agreement with Canada and Mexico. Under this, there is no tariff (duty) on any kind of import-export between these countries. Trump performed North America Free Trade Agreement (NAFTA) with Mexico and Canada in his previous term.
If Trump puts tariffs on these countries after coming to power, then it will be a violation of the agreement.
In 2023, these three countries bought goods worth more than $ 1 trillion (about 85 lakh crore rupees) from the US in 2023. At the same time, it was sold for more than $ 1.5 trillion. According to the report, Trump’s tariff war will have the biggest impact on auto sector, agriculture, technology, parts and parts. The price of these things will increase after the tariff is imposed.
67% of Americans worry about increasing inflation
67% of Americans involved in a PWC survey believe that companies will put the burden of increased tariffs on customers. Prices from avocado to children’s toys, chocolate, clothes, jewelry and cars can increase by one and a half times.
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