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Donald Trump attacked Canada, Mexico and China on Saturday with huge tariffs on Saturday, which may launch a new era of trade war between the United States and three largest trading partners.
Trump issued an administrative order to levy 25 % of additional tariffs on all imports from Canada and Mexico, but Canadian oil and energy products will face 10 % taxation. So far, Canada is the largest foreign oil supplier in the United States, accounting for about 60 % of its crude oil imports.
Imports from China will face 10 % of tariffs over the existing US tariffs.
Trump said in the truth society that he used emergency powers to issue tariffs, “because of the main threat of illegal foreigners and fatal drugs, killing our citizens, including fentanyl.”
A White House official said that the reduction in tariffs on Canadian energy aims to minimize the “destructive impact” of the cost of heating costs on American gasoline and family, but it will no longer be ruled out.
The White House said that tariffs will be sued on Tuesday.
A White House official said: “This is a beautiful, beautiful example of President Trump’s promise.”
The official said that each command contains the “retaliation clause”. Essence Essence Therefore, if any country chooses to retaliate in any way, the signal will take further action to increase tariffs. “
Although the Canadian Prime Minister Justin Trudeau is expected to announce revenge tariffs later tonight, US trading partners have not responded immediately. The Chinese Embassy did not respond to the request for comment.
However, this move was completely condemned by industry groups and economists. The US Chamber of Commerce warned that this would “increase the price and upper supply chain of American families.”
The largest US Fossil Fossil Hall Group in the US Petroleum Institute warned that the North American energy market is “highly integrated” and free trade is “crucial.”
The President used the “International Economic Economic Law”, which is an administrative authority that allows him to respond to emergency situations through economic means and apply taxes without the approval of Congress. Although Trump threatened to use it in 2019, the law has not been used to collect tariffs before.
After the Trump administration ordered a large number of commercial relations on American commercial relations on the inauguration ceremony, Trump’s sudden opening of the movement will make people expect the hope of slower and more cautious trade policies and methods.
This also marks the willingness to put pressure on allies to put pressure on allies, from immigration to drug trafficking. Trump complained that what he said was the security of the border with Mexico and Canada, and believed that neither of them could prevent the flow of fatal opioids into the United States.
On Saturday, a White House official said that “Chinese production distributed from Mexico and Fantne, Canada” will increase tariffs.
Officials added: “This is not only related to Fentany.. This is indeed border security.”
Trump also regards the trade deficit of the United States and Canada, Mexico and China as a reason for tariffs. On Friday, he admitted that they might cause some “damage”, but added: “Tariffs will make us very rich and very powerful.”
On Friday, Trump said that he plans to impose tariffs on the EU import, but the announcement of Saturday does not include any measures related to the European Union.
Trump prevented his 60 % tariffs imported from China imported from China during the presidential campaign. 10 % of taxation aims to punish Beijing’s ingredients and make Fentney a fatal opium. This is the main cause of death of Americans from 18 to 45 in the past three years.
A few years ago, Beijing suppressed the exit of fentanyl, but the Chinese group turned to export the pre -body chemicals to Cartel in Mexico to produce the final product.
Dimitry Anastakis, a professor of business at the University of Toronto, said that US tariffs may be shocked as pain as painful as COVID PANDEMIC.
He said: “This is unnecessary, and very stupid.” “This brought the hammer to the problem of non -existence of the North American economy, the effect is very good.”
Anastakis said that in Canada, car trade, unemployment and possible decline may suffer immediately.
Ilya Gridneff (Ilya Gridneff) other reports in Demetri Sevastopulo in Toronto and Washington, Toronto and Washington,
