The United States has signed a free trade agreement with Canada and Mexico, and America's beneficiary has also benefited by the other two developing economies.
This weekend this week is suddenly able. As part of the North American Trade Pact, it has swept a 25 percent tariff for about $ 1 trillion, which is sent to the United States in Mexico and Canada every year. These tariffs are expected to significantly increase the expenditures for the export of Canada and Mexico, violating their economies and expose them to a decline.
Mr. Trump's decision to cancel Decades economic integration The future of North America and economically attracted great questions about the fields built around the idea of ​​continent. Although some factories in Canada and Mexico are moving to the United States to prevent tariffs, they will also collect costs for manufacturers depending on the materials from American consumers and North American neighbors.
“This is a day when the United States has seen trade as a force for mutual benefit and began to see as a means of economic war,” he said. He added that the collections were “a fundamental attack on the economic welfare of our closest neighbors.”
Mr. Trump suggested that this regulation could live for a long time because the US-Mexican-Canada agreement or USMCA will live for a long time on Wednesday. Trump officials said that more tariffs will be given when the president announces more tariffs in Canada and Mexico next month “Mutual” tariff measures.
Mr. Trump defended tariffs at an address called “About to protect the spirit of our country, not to protect the spirit of our country, not to protect America's works.”
“Tariffs are preparing to enrich America again and re-capture America, and it will be very quick, and it will be quick,” he said. “There will be a little worry, but we are good. It will not be a lot.”
Economists claim that tariffs can lead to great violations in Canada and Mexico because they trust in the US economy. Trading accounts for about quarters of the United States compared to about 70 percent for trade, Mexico and Canada. Two of Canada and Mexico sends about 80 percent of their exports to the United States, only one-third of the United States exports to a team to Canada and Mexico.
Tony Stillo, Director of the Oxford economy, estimates that the canadian economy can be relessed in the recession this year, 4 percent of the previous year and will increase the unemployment rate over 8 percent.
“Trump's commercial war will seriously approach US-Canadian relations and significantly increase North America's high-integrated network, and perhaps both economies affect the economies,” he said.
Marcus Notal, Deputy Executive Assistant and Institute of International Economics Director of Studies at the Peteron Institute, estimated The 25 percent tariff can reduce the economic growth of Mexico, potentially a large-scale factory closure and two percent increase in business loss.
Tariff threats convinced some companies to appear outside Mexico.
US Military Clothes and National Football League players, including US military dresses and national football leagues, including a factory in Mexico, said that a real factory in the Dominican Republic said.
Mr Carr said that if the tariffs are in place, it will think that production will be brought to the United States, but it will think that the time will take a significant value of products and the value of products will consider significantly. However, threats have led to reconcile their plans for the next three years and retreat all expenses for expansion and recruitment.
“We are sitting in a large number of projects that we cannot do otherwise as a result of the danger of the tariff.”
As a larger economy, the United States is more insulated for trade than Canada and Mexico. However, the slowdown of America's largest export markets will increase, and it will cause more sharply pain between communities depending on these markets. Many American farmers in Canada and Mexico are the largest export markets.
The United States industry, which depends on the raw materials of neighboring countries, will also consider the increase in expenditures, and some of these enterprises can close the tariffs by deleting their profits. Analysts in S & P Global Ratings, on Thursday, the total domestic product of the Tariffs in the next 12 months, from the previous US-generating forecasts of Canada and Mexico GDP to 3 percent reduce 3 percent.
Tariffs are also effectively fraging a trade deal, Mr Trump itself signed for the first time. When I signed Trade Deal in 2020Mr Trump called him “the biggest, best, best, most balanced and modern trade agreement” and “big victory” for farmers and factory workers. Pacthi supporters say Mr. Trump's desire to ignore this, say that they say that they will be compressed in the company's investments and previously exposed to the loss.
On Wednesday, the major American car made statements thanked the President for a month break in the tariffs. However, Tuesday, at the conference, They said Mr. Trump, Mr. Trump, Mr. Trump, which laid tariffs from Canada and Mexico, will effectively delete the earnings of all companies in the value of a person who provides the call of billions of dollars.
Tariffs canceled any trust between the participating governments. In response to US requirements, Canada has strengthened the drones along the Canadian visa rules and staff, equipment, helicopters and border. Mexico Sent troops in the border And in drug cartels, including cartel operations, have become a guardianship.
Border crossings roar. In the end, none of it is important.
Canadian Prime Minister Justin Trudeau said on a press conference on Tuesday, Mr. Trump's tariffs “completely false, completely false, completely false,” he said. Mr. Trudeau said that Mr. Trump's “general collapse of Canada's economy” is that the president has repeatedly spoke “the president” completely collapse of the Canadian economy. “
However, he will also drag the US economy of these actions. “Canada wins the battle” Mr. Trudeau.
Some groups supported Mr. Trump tariffs because they want to open economic integration. United auto officers representing American workers, said he has seen the destructive effects of free trade in free trade for 40 years.
“We are glad to take aggressive measures to the end of the American president's working class as a bomb,” he said. “The working class has hurt all the pain of Nafta, and we will not take all the pain of the cancellation of NAFTA.”
However, other industries complained that Mr. Trump's cutting returns with the purposes of the production and destruction of Mr. Trump.
The National Council of Textile Organizations representing US textile manufacturers, which gave stronger restrictions on China's imports, said that the tariffs in Canada and Mexico “brought them to 27 plants in the last 20 months.”
US textile producers, Mexico and Canada change more than half of the total global textile exports, and return to the United States as frequently prepared products.
The North American Trade Agreement was a controversial concept when negotiations begin in the 1990s. The United States and Canada have already become a free trade agreement, but no country has signed a contract with a poor people like Mexico.
Supporters helped the contract rejected an economic growth of Mexico, an appointment for an investment and a market supply for US exports, illegal immigration. Critics said this would steal US production.
Gordon Hanson, who was in Harvard Kennedy School in the school of Harvard Kennedy, who studied Nafta, said they were right to create an effective industrial in the deal. However, this is the beneficiary of low-income employees, or non-university-friendly employees in the United States, or Mexico is the poor, the less industrialized south.
In general, economic research show This Nafta has expanded the US economy. However, this defeats, as well as the winners. At the end of the tracking, many of the blue-collar employees fought for free trade agreements, and as a result of a democratic party that supports Mr. Trump and its trade policy.
Mr Hanson said that Nafta was “very violent in the textile industry and other labor-intensive sectors, and caused a loss of work in the sectors. “The political violations of this were likely to be large or large,” he said.
Unfortunately, Mr. Hanson, Mr. Trump said that the efforts of the efforts to open free trade agreements were first and then re-established new supply chains, he said that these agreements could lead to economic dislocations.
Even if the production work is an increase in total growth in the United States, it will cause certain factories to close certain factories because they depend on the supply chains from Canada and Mexico.
“It will be significantly violated by regional economies,” he said. “I would be worried about places that will have a negative impact on this and long-lasting.”
Jack ewing Contributing report.