President Trump plans to impose stiff tariffs on Mexico, Canada and China on Saturday, and must accept deportants and prevent immigrants and drug flow.
Karoline Leavitt, a White House journalist secretary, said in a Friday news briefing on Friday, the president offers 25 %of tariffs on Mexico’s products, 25 %of Canadian products, and 10 %of China’s products. It was said.
Leavitt said the president said that all three countries decided to impose tariffs because they allowed illegal drugs to be called to the United States.
“The amount of Pentanil seized in the southern border for the past few years is likely to kill tens of millions of Americans,” she said. “So the president wants to do this.”
Customs are likely to begin a kind of destructive trade war that can be seen in Trump’s first term, but it is much larger.
Mexico, China and Canada account for more than one -third of the goods and services imported or purchased in the United States, supporting tens of millions of US jobs.
All three governments promised President Trump’s reply to exports to US exports, including Florida Orange Juice, Tennessee Whiskey and Kentucky Peanut butter.
Targets will immediately increase the cost of importers across the border. If an importer has chosen not to pay the tariff cost, it may interfere with the supply chain for almost a period of time and lead to lack of products. And in the long run, companies can deliver costs to US consumers to increase prices and slow down the economy.
Trump’s desire to beat allies and competitors on tariffs on issues that are not related to Trump’s trade shows the president’s willingness to use a strong economic tool to focus on domestic policy agenda, especially illegal immigration.
Cornell’s trade policy professor Eswar Prasad said, “Trump’s tariff threat is not only a bluster, but also a harsh reality of his decision to deploy tariffs as a tool for transforming other countries’ policies to their tastes. It is collapsing due to it. ” university.
Trump said in November that 25 %of tariffs in Canada and Mexico, and 10 %of their tariffs in China, will try to stop the flow of immigrants and drugs, especially Pentanil.
The threat was sorted out of Canada and Mexican officials, and tried to persuade the administration to support the tariff by participating in the last moment with Secretary of State Marco Rubio and explaining the borders in detail.
Automotive and energy companies are also trying to avoid applying tariffs by the White House and the administration.
According to those who are familiar with the plan, President Trump’s torture evaluates a variety of scenarios, such as tariffs applied to specific sectors such as steel and aluminum.
Justin Trudeau, Canada, said in a Friday afternoon’s position that “no one on both sides of the border wants to see the US tariffs on Canadian products.” “If the United States goes ahead, Canada has been prepared with a strong and immediate response,” he added.
Mexico’s President Claudia Shane Baum told reporters that the Mexican government is planning to cope with possible tariffs. She said before Leavitt’s briefing, “We are prepared in any scenario. “What do we want? Conversation with respect is predominant. ”
In both borders, the number of illegal crosses dropped sharply.
In December 2023, the number of unauthorized crossings reached nearly 250,000 in the south border, overwhelming the border patrol and the government closed its entry. The trend of immigrants illegally crossed in the 2024 fiscal year on the northern border. During that period, more than 23,000 arrests were illegally arrested for immigrants. The figure was arrested two years ago before 2,000.
Since then, the situation of the border has changed.
In December, agents arrested about 47,000 arrests on the south border and 510 people on the northern border.
Trump spoke at an elliptical office on Thursday and suggested that he is ready to block imports in Canada and Mexico, the two closest allies in the United States.
“We will announce the tariffs of Canada and Mexico for various reasons,” he said. “In Mexico, 25 %of tariffs in Canada will invest 25 %and 25 %separately. We really have to do so.”
Trump said, “We do not need what they have. He suggested that tariffs can increase over time and that tariffs may not be applied to oil imports.
The United States is the world’s largest petroleum producer, but refineries must mix light oil produced in the domestic leader with heavy oils such as Canada to make fuel like gasoline and diesel. About 60 %of US imports from Canada and about 7 %in Mexico.
According to Tom Kloza, the global energy analysis officer of the oil price information service, if the fuel producer reduces the production, the gasoline price in the mid -west can climb 15 to 20 cents, and the other parts of other parts. It had more influence in the part. country.
The potential economic impacts of tariffs also complicate the problems of the Federal Reserve Bank, which is still trying to wrestle inflation up to 2 %goals. This week, the Fed has constantly maintained interest rates after a series of questions about how to continue inflation and tariffs.
Economic falls due to tariffs depend on the structured way, but the ripple effect can be extensive. Canada, Mexico and the United States have been controlled by trade agreements for more than 30 years, and many industries, from automobiles and clothing to agriculture, have been highly integrated throughout North America.
Mary Lovely, a senior researcher at the Peterson Institute for International Economics, said the tariff is “expensive.”
The US plant depends on the input of two countries, including minerals and Canadian wood and Mexico auto parts. Customs will also oppose their efforts to leave China in recent years, calling for the Trump and the Viden administration.
According to economists in S & P Global, Mexico’s automotive and electrical equipment divisions will be the most difficult if tariffs are enacted in Canada. The biggest danger in the United States is for agricultural, fishing, metal and automotive sectors.
Trump emphasized the ability of tariffs to protect domestic manufacturers. But balanced, most economists expect new trade barriers to raise prices for US companies and furniture, which can lead to a temporary rupture of inflation. Whether it is expanding to more malicious problems depends on whether Americans’ expectations for future inflation begin to increase in a meaningful way.
Over time, economists also warn that they will also worry about the impact of growth, and trade tensions will decrease, and more calm business activities and growth will be slow.
Renie Tedeschi, the economic director of Yale Budget Lab, estimates that 25 %of tariffs on all Canada and Mexican imports will be paired with 10 %tariffs on all Chinese imports. As measured by the personal consumption price index. On average, this is converted to about $ 1,300 for furniture. This estimation assumes that the target state enacts retaliation measures and that the Federal Reserve will not take measures by adjusting interest rates.
Tedeschi expects a 0.2 % discount on total production when inflation is considered.
President Trump’s top economic advisors argued that tariffs would cause inflation. In the press briefing, Leavitt said that inflation was conquered by Trump’s first term despite the fact that tariffs were imposed. And she said that the president is carrying out other policies to lower inflation by passing tax reductions and encouraging energy production.
At the confirmation hearing of this month, Treasury Minister Scott Bessent dismissed the Democratic Party’s concern about President Trump’s trade policy, suggesting that exporters in countries like China will lower their prices in the face of US tariffs. Bessent said last year’s tariffs will proceed in stages and be careful to be absorbed gradually by the economy.
President Trump’s choice to become a Secretary of Howard Lutnick also opposed the concept of accepting tariffs at his confirmation hearing and supplying fuel for inflation. He suggested that Canada and Mexico can avoid hanging tariffs when President Trump closes his border to Pentanil.
Lutnick believes that China’s “overall overall” tariffs are the most effective, and China should face the highest proportions, and Europe, Japan and Korea are also unfairly treating the US industry.
Lutnick said, “We think that rude should end, and tariffs are a way to create mutuality, be treated fairly and properly treated.
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