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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. 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.
  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. 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.
  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. Trump threatens 50% tariffs on EU and 25% on iPhones if not made in the US
  2. Donald Trump Orders Retailers to Absorb Tariffs, Rules Out Price Hikes for Consumers
  3. Donald Trump Announces 90-Day Tariff Reduction with China

sources

  1. 1.CTV News
  2. 2.South China Morning Post
  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.MexicoMX
  3. 3.United StatesUS
  4. 4.ChinaCN
  5. 5.UkraineUA
  6. 6.Russian FederationRU

organizations

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

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.Peter NavarroUS
  9. 9.Robert Basedow
  10. 10.Scott BessentUS
  11. 11.Ian Austen
  12. 12.Jean Simard

technicals

  1. 1.Oval Office