Imports of President Trump, Tuesday, Canada, Mexico and China, a commercial war with a commercial war that violates the economy of the United States has launched tariffs that promote sweeping tariffs with sweeping tariffs.
His actions increased diplomatic relations with America's largest trade partners, the markets sent to the US products, and Trump tried to create such upside downs or clear thinking without such advancement.
Mr. Trump, various explanations for tariffs, not to suspend drugs flowing into the United States, other countries, a way to produce and retaliate to the United States, in the United States. On Tuesday, Canada asked for another reason for the hostility of Canada to American banks.
Canadian Prime Minister Justin Trudeau said it was difficult to understand the regulation for Mr. Trump's tariffs, but the Canada of his purpose was to cripple. “What he wants to see a general collapse of the Canadian economy, because it will facilitate the addition of us,” Mr. Trudeau said during a press conference on Tuesday. “Never will never be. We will never be the 51st State.”
Trading Secretary Howard Lutnick said he would reach a sort of accommodation with the President Canada and Mexico on Tuesday and announced on Wednesday. “I think it goes to understand, you are doing more and I will meet you in a way,” Mr Lutnick said.
Canada announced a number of revenge tariffs worth $ 30 billion, and Mr. Trudeau said other “non-tariff” events were upcoming measures.
“Yes, he can hurt the Canadian economy, but American families will be quickly found, because it intends to hurt people on both sides of the border,” he said, “Mr. Trudeau.
The stock exchanges in the world were crashed. The financial sector in the United States was one of the worst hits, including a number of companies, including cruise lines and large technological companies. The S & P decreased by 2 percent without reflecting the losses of 500 in the afternoon. 1.8 percent losses were added to the most acute landing this year on Monday.
The betting, which is made by Mr. Trump, is very important for international trade, which America can place so much economically strong and critical, tariffs as a cudgel to solve almost every problem. However, the mixture of Mr. Trump's mermitism and insulting tactics, the risks that tense the US economy beaten with three years of inflation and now the risks looking to slow down.
The President applies steep import taxes to America's largest trading partners and inflation, and many economists will increase expenditures for American households and prevent economic growth.
“The American people consider the expenditures to the President Trump to reduce costs and train the US economy,” he said. “Tariffs in Canada and Mexico are seriously threatening and stabilizing the North American economy.”
Determined business groups, emergency meetings to determine the answers to trade movements in Canada and Mexico products from Canada and Mexico on Tuesday, and added 10 percent more than 10 percentage tariffs in China. Some groups wanted to take a legal action to protest the National Security Organization that Trump leadership calls on tariffs to apply tariffs.
Others tried to fight what they meant for sub-lines. The retail target said that the tariffs could damage their efforts to get rid of tariffs since 2024, can do consumers retract the spending About the economy and the prices of some products of the company are more vaguely uncertainty to increase prices until this week. CEO Corie Barry, Corie Barry, said that the increase in a conference call for the conference call, but it is difficult to say how big it will be.
Kathy Bostjancic, the head economist in the country, estimated that the tariffs were preserved and revenge, economic growth, otherwise there will be a relatively lower interest point. This suggests that the US economy will grow only 1 percent in 2025. In 2024, 2.5 percent grew.
Ms. Bostjancic estimated that the price increase in daily items will spend $ 1,000 to households on the households in the average year, in average.
Some enterprises and associations to benefit from the tariffs praised them. United AutoWorkers Association, “said they were pleased to take aggressive measures to end the American president's working class as a bomb like a bomb.
Mr. Trump did not show signs of retreat on Tuesday, companies could simply escape tariffs if they built factories in the United States.
“Companies move to the United States, there are no tariffs !!!!!
Watches then Mr Trump warned that if Canada gets revenge with its high tariffs, the United States will increase the same amount of “mutual” tariff.
Mr. Trump's best economic assistants tried to explain their decision on Tuesday. Mr Lutnick said the tariffs were “not a trade war” in CNBC, instead called the “Drug War”.
Canada and Mexico could stop the flow of Fentanyl to the President, “Of course, the president can delete these tariffs,” he said. However, the United States did not see the “statistical reduction of death in America”.
Official statistics show the deaths of the United States in excessive doses have significantly reduced Transitions on the 12 months and the US-Mexican border ending in September delay.
Mr. Lutnick said the President will take measures to do other trade against Canada and Mexico in April. “In the incredible economy in Canada and Mexico, he received an invitation to trade with the United States and they were abused by the invitation,” Mr Lutnick said.
Everett Eissenstat, Squire Patton Boggs and Mr. Trump, a partner with a former economic adviser, said that the president's drug trafficking was dissatisfied with the progress of other countries, but said he could have other goals.
“I think this belongs to Fentanly, but it is a wider view,” he said.
Mr. Trudeau, along with Mexican President Claudia Sheenbaum, said that the leadership gave a false excuse for tariffs.
After the list of the latest achievements of Mexico's drug trafficking, Ms Sheenbaum rejected what he called the Fentanl Argument to justify the application of recognition by Mr. Trump.
“We are cooperating in the United States to prevent drug trafficking in the United States,” he said. “But in many cases, as we report, the country's government must also be responsible for the opioid crisis that caused so many deaths in the United States.”
Mr. Trudeau called Mr. Trump-based “completely fake, completely false, completely false.”
One of the main goals for Mr. Trump's tariffs is to force more internal production. In addition, American “subsidies” look at trade shortages and believes that tariffs can be able to cancel tax reduction expenditures and reduce $ 36 trillion debt.
Tariffs can encourage some companies to open factories in the United States and to serve American customers. However, Canada, Mexico and China, as well as US exports, including agriculture, retailers and cars, also announced revenge against us.
The economic impact of tariffs depends on how to calculate how to calculate the growing costs of global trade and how to calculate consumers. The economists of these tariffs in the first administration, the economists of these tariffs in Vietnam and Mexico, the economists of these tariffs will increase by 13 percent to 13 percent, 2 percent to 13 percent. They also expect the United States to fall from Canada to 10 percent.
President of the Federal Reserve Bank of New York John C. Williams will lead to a higher price on Tuesday, but the greatness was very uncertain.
Speaking at an event hosted by Bloomberg, he said that at the end of this year, I said that we would see some effects of these effects, he said he began to make a factor in the influence of tariffs.
Mr. Williams, Fedin, continues to invest in the investment or continue to spend consumers, but also focused on how to influence economic activity. “What I think is that another great uncertainty,” he said.
Mr. Trump is probably in the calculation of the fact that the tariffs would hurt America more than the United States. Because there is a large country with various US resources, many other developed economies are a great country. Tariffs can also strengthen the US dollar, which is the world's reserve currency, which has some effect on imports which are cheaper and some effects.
Compared to about 70 percent of about 70 percent for goods and services, Mexico and Canada compared to about a quarter of the United States and 37 percent for China. Canada and Mexico make about 80 percent of the US exports to the United States in extremely dependent.
Foreign governments reacted to the threat of tariffs by diversifying partners and diversifying partners from the United States of Mr. Trump's tariffs and trade relations. Mexico has Updated the trade agreement The European Union has progressed in trade talks with Brazil. Europe has reached a separate agreement with South American countries and Switzerland.
However, the negative effects of tariffs are inevitable for Canada and Mexico. One Analysis by the Institute of Economics In February, the import of all US and Mexico from Canada and Mexico, Canada and Mexico, which adapted to similar tariffs in February, will increase the US economy in the coming years.
Tariffs quickly attracted their condemnation from Democrats in Congress, and Republicans strained to defend them.
Most of the Republican Senate, South Dakota, Mr. Trump's tariffs “in this case” are “directed around special goals” to reduce the amount of Fentanyl in this country. So these tariffs, I think I hope it is temporary. “
“Hopefully, when all is called and done, there will be nothing that creates many disruptions,” he said.
Texas Republican Republic, Texas Republican Senator, said that the tariffs did not last for a long time, he said.
“Texas is a great trade with both Mexico and Canada,” Mr. Cruz said. “Thus, my hope acts as a stimulus that these tariffs have prepared for the president.”
Colby SmithJoe Rennison and Catie Edmondson contributed the report.