The President of the United States, Donald Trump, has imposed tariffs on imports from China, Mexico, and Canada due to the "extraordinary threat posed by illegal aliens and drugs."
This was reported by the White House press service on February 1.
The additional tariffs will be 25% on imports from Canada and 10% on those from Mexico.
"President Trump is taking bold steps to hold Mexico, Canada, and China accountable for their promises to stop illegal immigration and halt the influx of poisonous fentanyl and other drugs into our country," the statement said.
Canadian Prime Minister Justin Trudeau stated that the country will impose a 25% tariff on certain goods from the U.S.: food products, alcoholic beverages, clothing and footwear, household appliances, furniture, lumber, and raw materials. The total import volume subject to tariffs was estimated by the Canadian Prime Minister at $155 billion. Trudeau referred to U.S.-Canada trade relations as "the most successful in the world" and said that this cooperation will continue despite the upcoming "difficult times."
Mexican President Claudia Sheinbaum has instructed the Minister of Economy to "implement Plan B, which will include tariff and non-tariff measures to protect Mexico's interests." Sheinbaum did not disclose further details of the plan.
The Ministry of Commerce of China criticized Trump's decision to impose tariffs on Chinese goods, writes The New York Times. The agency plans to take legal action against the U.S. at the World Trade Organization. China will also "take corresponding countermeasures to firmly protect its rights and interests," the statement said, without specifying any concrete steps.
Background. Earlier, Mind reported that Trump threatened BRICS countries with a 100% tariff if they refuse to use the U.S. dollar as an international means of payment.