President Donald Trump has formally initiated the commercial war against Mexico, Canada and China since his residence in Mar-A-Lago, in Florida, where the morning has passed playing golf. The Republican has signed this Saturday afternoon the executive order that approves applying 25% tariffs for Mexico and Canada, as well as an additional 10% to China. The details of this are still published.
The White House already confirmed Friday that tariffs to Mexico, Canada and China would take effect as of this Saturday. Even so, on February 1 he had started without any approved order. It has not been until after five in the afternoon when the tycoon has signed the document. On the agent’s agenda there was no forecast.
Late on Friday, from the White House, Trump recognized before journalists that tariffs could lead to “some disturbances” for American citizens. “Tariffs do not cause inflation. Tariffs cause success. There could be some temporary short -term disturbances. And people understand it, ”said the president. One of the main reasons why Americans voted for Trump was the economy and his promise to lower the price of the purchase car.
The idea that “does not cause inflation” tariffs is a vision that does not seem to share its new treasure head, Scott Besent. At the beginning of 2024 he told his investors that the inflationary effect of tariffs “would strengthen the dollar, which is hardly a good starting point for an industrial rebirth in the United States.”
The president has linked the tariffs to Mexico and Canada at the arrival of immigrants and fentanyl to the United States. Although these are two problems that have nothing to do with the commercial issue, Trump claims to use them to press their neighbors to stop the entry of people without papers and drugs into the country. “This tariff will remain in force until drugs, in particular fentanil, and all illegal immigrants stop this invasion to our country. Both Mexico and Canada have the right and absolute power to easily solve this problem, ”the president wrote last November, when he first announced his intentions through Truth Social.
25% tariffs on Mexican imports can have a strong impact on the US car industry. Many automobile companies in the United States manufacture their cars in Mexico or in other countries to reduce costs. The truth is that the manufacture of US cars in Mexican territory is possible thanks to a commercial agreement negotiated by it during its previous presidency.
The new tariffs Trump approved for Mexico and Canada would mean violating the treaty signed with the other two countries in 2020. The Republican favored this new agreement that replaced the gasoline Electoral campaign. The treaty should be reviewed in 2026 and the president -elect team has already been considering possible changes to prevent China from using Mexico as a base from which to export its electric vehicles, steels and other goods to the United States.
In May, the current president Joe Biden has already opened a new front with China by announcing an increase in import tariffs. Biden announced that private vehicles would go from having a 25% tax at 100% and these increases would not take effect until 2025 and 2026, as explained by the White House in the statement.
White House spokeswoman, Karoline Leavitt, said the tariffs would be implemented immediately and that the details would be published on Saturday. Normally, tariffs take weeks to enter into force in practice.
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