President Donald Trump continues with a Plan to put the flowing tariffs In all things come to the United States from Canada and Mexico, a trade war threaten with maximum trade colleagues – and higher prices for thousands of consumer goods.
The US is scheduled to start collecting a 25% tariff of almost all things from Mexico and Canada starting at 12:01 am on Tuesday, according to a draft public notice of Rules Posted Monday. Canadian energy products are to take a lower rate of 10%.
Businesses from automakers to alcohol producers warn that additional costs for companies import from Canada and Mexico have many American implications Economy. While some companies will look at the source of their goods from other countries or US production movement, moves may take years.
Meanwhile, companies say they pay tariffs and then select from two options: Despite the additional consumers’ expenses of costs in higher prices low profit.
On Monday, Trump also adds a further 10% tariff to all imports from China over 10% tariff he placed Chinese things in the past month, including products as Electronics, slippers, medicine and cosmetics. Tariff tariffs in addition to tariffs placed in place during Trump’s first term in office.
Trump said he placed tariffs in place, in part, to force countries to stop those who have never been fried immigrants and fentanyl to enter the US by their boundaries. More than 107,000 people Died from medication over 2023, according to the administration of medication enforcement, At approximately 70% of the dead from opioids, including fentayyl. Almost all 21,900 pounds of fendanyl acquired by 2024 in the southern border, with 43 pounds of fentanyl acquired by the northern border, according to data from customs and border protection.
On Tuesday, the Commerce Secretary Howard Lutnick indicates comfort might see. In an appearance of Business News News, Lutnick tells an interim Canadian and Mexican agreement to allow their tariffs to be rolled back on Wednesday.
“The Mexicans and Canadians are on the phone with me all day today, trying to show that they are better,” says Lutnick. “And the President hears, you know, he is so fair, so fair and reasonable. So I thought he was working with them.”
Lutnick continued: “It wasn’t a stop, stopping stopping, but I think he would think more about the Canicians and Mexics, but not everything.”
Back-and-aFore retaliation start
The action of risk a Tit-for-tat trading war With Mexico, Canada and China harmful to US businesses selling their products in the first Term of Trump in the US, Mexico and Canada.
That Agreement, which Trump counts on time negotiating the victory, allowed by most products that work between three National Tariffs free from North American Free Trade Arecement or NAFTA. Under the terms of the agreement, the agreement should not be renegotiation until July 2026, but Trump’s move to impose new risk agreements.
Mexican Claudia Sybaum president shown in comments on Tuesday that his country will respond Sunday. At a news conference, he said the action would include “tariff steps and nontariff.” Sheinbaum also said that Mexico has made steps last month to break the gangs and flow of drugs and flow.
Canada will first be in an earlier plan to impose 25% of the Canadian dollars ($ 107 billion) in American items when the American tariff is when US is scheduled. Tariffs of $ 20.7 billion worth of items, including orange juice, peanut butter, wine and the tarks of the 21 days, the tars of every day have 15 days to start 21 days, the tarsquare of each Day starts in 21 days, Tarko everyday starts in 21 days, Tarko in the US, Tarko in the US, Tarko in the US, Tarko in the US, Tarko on the US, Tarko on the Adve Adve with 21 new ministers Justin Trudeu A statement says late Monday. They will remain until the US sale action is retreated.
“We don’t like it. We want to work with you as a friend and allies, and we don’t want you to do it,”
Then, slowing down Trump directly, said Trudeau: “Even if you were a good man, it was a dumb thing to do.”
He explained that even when less than 1% of the Fendanyl covered in the US coming to the Canadian border, the country moves further cracking in illegal drug trade. As a result, Trudeau says there is a 97% drop in Fenanyyl Seizure from January versus December, “in a nearly half ounce covered in January.”
China said it will impose additional tariffs on us goods March 10, include a 15% tariff on chicken, wheat, corn and cotton and a 10% tariff on sorghum, soybeans, pork, beef, fruits, vegetables, and dairy and fish products. China says US tariffs attract cooperation between two largest economies in the world and that they hurt Americans and consumers.
“The Chinese have not believed in pressure or intimidation, neither we suffered tactics of bullying and hegemonic Lin Jian said in a regular publication of Beijing on Tuesday.
Trump first threatened to place a 25% tariff of goods from Canada and Mexico on February 1 Before saying she quits tariffs a monthAfter two countries leaders say they will face security in their boundaries. On Monday, Trump told reporters with “no place left for Mexico or for Canada” to negotiate new import duties.
Economists across the political spectrum Warns that tariffs, paid by the US Company importing things, increase which consumers pay for a variety of things, including cars, crops and wood. Stocks fall Almost 2% Monday, the worst day since December.
“The American people count President Trump to bring up the costs and develop the US economy. The Mexican’s economic affairs will be in the public affairs of the households to the household, also to the cost of American costs, millions struggling with worst inflation fights for forty years. “
Specific sectors where tariffs can be felt mainly
Automakers are one of the industries to feel the greatest impact from tariffs, ever Cars and their ingredients cross between Canada, US and Mexico many times in the production process. Ford CEO Jim Farley warned the last month the threat of tariffs created the auto industry riots and becoming a harmful result for American automakers.
“We will be truly honest, long, a 25% tariff across Mexican border and Canadian blows a hole in the US that we have never seen,” Farley said in an invelingor conference last month.
Tariffs can add as much as $ 12,000 in the price of a new vehicle, according to a report from the Anderson Economic Group. American car council, the industry’s Association representing GM, Ford and Stellantis, said they believed the first business tariff requirements in the first business of Tariff’s first business
“Our American automakers, who invested billions in the US to meet these requirements, should not have their competitiveness undermined by tariffs that will raise the cost of building vehicles in the United States and Stymie, while our competitors from outside of North America Benefit from outside Easy access to our home market, “former Missouri Gov. Matt Blunt, President of the Association, said in a statement.
The aluminum’s association, representing the production of aluminum and employment in the US, said in February that US sources from Canada from Canada or Mexico. It added that the US-based Sermalers, even in full capacity, “do not make enough metal to meet the demand.”
Tariffs can also contribute to a higher grocery prices since a top US supplier in tomatoes, avocado, berry. Increase in food prices a higher concern for consumers and voters, with grocery worth about 25% over the past four years – An issue that Trump was proclaimed to deal with the ancient passage.
The tariffs can also increase the prices of beer and alcohol imported from Mexico and Canada and have been injured by the sale of spirits sold in countries. Foundive spirits are estimated that a 25% tariff of distilled spirits importing from Mexico and Canada can lead to over 31,000 US jobs. In 2024, the US imports $ 5.2 billion worth of Tequila and $ 93 million worth of Mexcal from Mexico, as well as $ 622 million worth of Canadian spirits, according to association.
“The tariffs of the Spirit products from Canada and Mexico can harm the contribution to the US economy industry,” the group said in a statement. “The Sector of the North American Spirits Spirit is very united and, as a result, Tequila and Canadian whiskeys can damage the company’s spirit with these portfolios.”
Trump shows that additional tariffs on the road. He repeated Monday that previously announced “tariffs” tariffs The April 2 will come, and those tariffs of “external product” from the agricultural industry will inflict on that day, without offering more details.
In the last month, Trump was imposed a 25% tariffs in all steel and aluminum imports In the United States from all countries, and raises his 2018 aluminum tariffs from 10% to 25%, with no exceptions or exemptions.
Trump often quotes the tariffs as a tool he can use to increase the income to pay other priorities in the US pressure priority
