On Saturday evening, Trump signed executive orders for the introduction of tariffs for Mexico, Canada and China in accordance with the International Law on Economic Planations (IEEPA) with the White House Affirming that this step is designed to attract the largest trading partners of the United States “responsible for their promises to stop illegal immigration and stop the poisonous fentinel and other drugs in our country.” Orders put 25 percent of additional tariffs for imports from Canada and Mexico, which is one of the exceptions that energy products from Canada will be subject to a 10 percent tariff. Import from China will also encounter a 10 -percent tariff.
It is expected that wide tariffs will enter into force on Tuesday and can have consequences not only for American enterprises, but also for consumers. Mexico, Canada and China are the best suppliers of imports in the United States, each of which is hundreds of billions of dollars entering the country every year, data from the US Department of Trade and show. These products cover a wide range of categories, from agriculture to transport/car, fuel, electronics, wood, furniture, alcohol and much more.
Mexico and Canada dominate the import of agricultural goods in the United States: Mexico supplies objects such as fruits, vegetables and nuts, as well as the bulk of imported products for animals, such as beef coming from Canada, according to And The two countries were also our leading suppliers for transport equipment, including cars and automobile parts, as well as raw oil. Canada is responsible for almost 60 percent of imports of crude oil in the United States, according to Which noted in the report last month that new tariffs “can affect the US raw oil market and consumer fuel prices”.
The import of electronics has largely came from China, and Mexico carefully monitors them. Trading these economies are also shown by cars, toys and games, furniture and plastic among the best goods imported from China in recent years. The electronics sector could receive an additional blow along the line, as Trump said. Together with pharmaceuticals and steel.
Leaders from Canada and Mexico reacted to tariffs, on American goods in response. Canadian Prime Minister Justin Trudeau on Saturday announced a 25 percent tariff worth about 107 billion dollars (155 billion Canadian dollars) for American goods, Reuters Reports
IN statement Published after the announcement of tariffs, John Murphy, senior vice -president of the USA Chamber of Commerce and the head of international trade, warned that the new Trump tariffs could negatively affect both consumers and supplies. “The President of the right to focus on serious problems, such as our broken border and the battle of Fentanil, but the introduction of tariffs in accordance with IEEPA is unprecedented, does not solve these problems and will increase prices for American families and expose supplies chains, supply chains, Merphy said. “The chamber will consult with our members, including enterprises on the main street throughout the country affected by this step to determine the following steps to prevent economic harm to the Americans.”