President Donald Trump said Thursday that a 25% tariff on goods imported from Canada and Mexico will come into effect on Tuesday, and after it came into effect earlier this month, another 10% of the position will come into effect alongside the position in China.
In his true social app post, Trump said tariffs are needed to combat the ongoing flow of illegal drugs and the flow to the US.
“We cannot allow this tragedy to harm the United States,” he wrote, adding that tariffs will be imposed “until ceased or until severely restricted.”
Trump also said that the mutual tariffs he threatened earlier this month on the major trading partners are expected to come into effect on April 2.
On Thursday morning, major stock indexes recede in the news after earning previous profits. Trump has continued to balance the market as he has advanced various tariff proposals in recent weeks and then withdrawn. He also provided a long-term fixed, contradictory rationale for defeating ongoing concerns about drug flows through a long-term fixed fixation in closing the US trade deficit.
A few days after initially proposing the Canadian and Mexican duties earlier this month, the president announced he had suspended them for 30 days after signalling concessions from both countries. Some experts said some of these benefits, including Mexican military deployment and Canada’s new anti-drug policy, are less important than announcing it.
The steel and aluminum tariff proposals announced earlier this month are also scheduled to come into effect Tuesday, but Trump did not mention those obligations in a social media post Thursday.
More recently, the president has called for tariffs on cars, computer chips and medicines.
Still, they weren’t mentioned Thursday either.
And with regard to mutual obligations currently planned for April, the White House has shown that these tariffs will also be a conditional part of the study of potential impacts.
Since taking office, Trump has threatened a large number of tariffs, but has only threatened an additional 10% obligation on Chinese goods, along with the country’s existing taxes.
Still, many analysts say that only the unpredictability created by Trump’s tariff talk is already causing a blow to the market and the economy.
“Instead of resolving uncertainty about the direction of US economic policy, Donald Trump’s victory in the presidential election last November only expanded it,” a group of capital economics research and consultants said in a note to clients Thursday morning. For a long period, especially if Trump repeatedly pushed back his tariff deadlines. ”
Trump has previously said his duties will bring revenue and help shut down the US budget deficit.
“Our country will be very fluid and rich again,” he said.