President to hit Canada, Mexico and China with tariffs

US President Donald Trump will impose tariffs on Saturday by 25% for Mexico, 25% for Canada and 10% for China, the White House says.

But Trump said on Friday that Canadian oil would be hit at a lower 10%tariffs, which could come into force later, on February 18th.

The president also said he plans to impose tariffs on the European Union in the future, saying that the block did not treat the United States well.

White House Secretary Carolyn Levitt said the obligations in Canada and Mexico are in response to “the illegal fentanyl they have inflicted and allowed to spread to our country, which has killed tens of millions of Americans.”

Trump has also repeatedly said that this move is to deal with large quantities of undocumented migrants who have fallen to the US, as well as commercial deficits with their neighbors.

D -Ja Levitt said at a White House news briefing on Friday: “These are promises and promises observed by the President.”

During the election campaign, Trump threatened to hit products created by China with rates up to 60%, but gave up any immediate action on his first day in the White House, instead ordered his administration to investigate the issue.

The import of goods to the United States from China has been leveled since 2018, statistics that economists attribute in part to a series of escalating tariffs that Trump has imposed in his first term.

Earlier this month, a senior Chinese employee warned against protectionism, as Trump’s return to the presidency renewed the threat of a trade war between the two largest economies in the world -but did not mention the United States by name.

Turning to the World Economic Forum in Davos, Switzerland, Ding Suxiang, Deputy Prime Minister of China, he said his country is looking for a solution to “win” for the trade and wants to expand its imports.

China, Canada and Mexico are the best trading partners in the United States, representing 40% of goods imported into the United States last year, and fears are increasing that new steep levs can launch a major trade war as well as raise prices in prices In price prices in price prices in US prices.

Canadian Prime Minister Justin Trudeau said on Friday: “It’s not what we want, but if he moves forward, we will also act.”

Canada and Mexico have already said that they will respond to US tariffs with their own measures, while striving to assure Washington that they are taking action to deal with fears about their US borders.

The BBC addressed the Chinese Embassy in the United States for comment.

If the US oil imports from Canada and Mexico are hit with taxes, it is rising to undermine Trump’s promise to reduce life costs.

Tariffs are an import tax on goods produced abroad.

In theory, tax objects that enter a country means that people are less likely to buy them as they become more expensive.

The intention is to buy more expensive local products instead – strengthening the country’s economy.

But the price of imported energy tariffs can be transferred to business and consumers, which can increase the prices of everything from gasoline to grocery.

About 40% of the raw, which passes through American petroleum refineries, and the greater part of it comes from Canada.

On Friday, Trump agreed that tariff costs were sometimes accepted for users and that his plans could lead to a short -term interruption.

Mark Carney, former head of Canada and England’s central banks, told BBC Newsnight on Friday that tariffs will reach economic growth and increase inflation.

“They will harm the US reputation around the world,” said Carney, who also runs to replace Prime Minister Trudeau as the leader of the Liberal Party of Canada.