President Trump plans to impose serious tariffs on Mexico, Canada and China on Saturday to further put pressure on the largest trading partners in the United States to ask them to accept more deportation and prevent immigrants from flowing into the country.
The White House press secretary Karoline Leavitt said at a press conference on Friday that the president will charge a 25 % tariff on Mexico products, 25 % tariffs on Canadian goods, and 10 % tariffs on Chinese goods. Essence
Ms. Lvit said that the president chose to levy tariffs because these countries “that” allowed to kill American citizens and illegal immigrants to enter our country’s illegal Fenti unprecedented invasion. “
She said: “In the past few years, the number of fentanyls occupied on the southern border may kill tens of millions of Americans.” “Therefore, the president intends to do so.”
Tariffs may sign a destructive trade war that defines Mr. Trump’s first term, but it may be even greater.
In his first term, Mr. Trump levied tariffs for nearly two -thirds of China’s imported goods, and China exported tariffs on the United States. He also levied tariffs on steel and aluminum from various countries, inciting revenge from the European Union, Mexico and Canada.
Although the tariffs on allies are considered controversial, the scope is relatively limited. What products are applied by Mr. Trump’s new tariffs, but the president threatens tariffs on Canada and Mexico than China.
Canada, Mexico and China are the three largest trading partners in the United States. They provide cars, medicines, shoes, wood, electronics, steel and many other products for the United States. They together occupy more than one -third of goods and services imported or purchased from the United States, and support tens of millions of US jobs.
All three governments promised to impose taxes for Mr. Trump based on tariffs on the United States, including Florida orange juice, Tennessee whiskey and Kentucky peanut butter. These three states have Republican senators representing them in Congress, and voted in 2024 to agree with Trump.
Mr. Trump’s tariffs will immediately bring the product to the importers on the border, most of which are American companies. During the recent term, if the importer choose not to pay the tariff fee, this may damage the supply chain and lead to a shortage.
If the importer does pay tariffs, the price of some American products may be converted into higher prices, because these companies usually pass the tariff cost to customers.
Cornell’s trade policy professor ESWAR PRASAD said: “I hope Trump’s tariff threat is only bold, and the bargaining tool is now determined to deploy tariffs as other countries as other countries. Policies have shifted to the severe reality of their favorite tools collapsed.
Mr. Trump said in November that he would incorporate tariffs into Canada, Mexico and China to prevent immigrants and drugs from flowing into the United States, especially fentanyl.
The threat caused the competition between Canadian and Mexican officials. They tried to persuade the government to conduct the last moment of talks with the Secretary of State Marco Rubio, and introduced their efforts to the police’s border in detail, thereby delaying tariffs.
Automobiles, agriculture and energy companies have been promoting the White House and the government for difficulty applying for tariffs and calling for elimination procedures to allow certain products to exempt.
Mexico Economic Minister Marcelo Ebrard said on Friday that tariffs may lead to a shortage of specific commodities, and the US price of Mexican products will rise. He called the Trump administration’s “strategic error”.
He said: “The main impact is obvious: millions of families in the United States must pay 25 %.”
Canadian Prime Minister Justin Trudeau said in a post published on the X on Friday afternoon: “On both sides of the border, no one wants to see the US tariffs on Canadian goods.” He said: “If the United States Going forward, Canada can take a strong and direct response. “
According to those familiar with the plan, Trump’s consultant has been weighing different choices of tariffs, such as applying it to specific departments such as steel and aluminum, or delaying the effective date of several months.
On the two boundaries, the number of illegal crossing has dropped sharply.
In December 2023, the number of unauthorized transit in the southern border reached nearly 250,000, which overwhelmed the border patrol team and caused the government to close the port. In the northern border, in the 2024 fiscal year, immigration flows over and over illegally. During this period, illegal immigrants were arrested more than 23,000 times-two years before this number was about 2,000 people.
Since then, the situation of the border has changed.
In December last year, about 47,000 people were arrested at the southern border and 510 people were arrested at the northern border.
Mr. Trump made a speech in an oval office on Thursday and suggested that he would announce tariffs on Canada and Mexico in various reasons.
Trump said: “We don’t need what they have.” He added that the tariff rate may increase over time, and it is recommended that tariffs may not be suitable for oil imports. This decision can avoid high gasoline prices.
Although the United States is the largest oil producer in the world, the refinery needs to mix the lighter crude oil produced in domestic fields from Canada and other places to create fuels such as gasoline and diesel. About 60 % of the oil imported from the United States came from Canada and about 7 % from Mexico.
Tom Kloza said, the person in charge of global energy analysis of global oil price information services, if fuel manufacturers should be cope with tariffs by cutting production, the prices of gasoline prices in the central and western regions may rise by 15 to 20 cents. Other parts in other regions will soften this country.
The economic consequences of tariffs will depend on their structure, but the chain response may be widely. Canada, Mexico, and the United States have been under the jurisdiction of a trade agreement. It has a history of more than 30 years. From automobiles and clothing to agriculture, many industries are highly integrated throughout North America in North America.
Mary Lovely, a senior researcher at the Institute of International Economics of Peterson, said tariffs on American companies will be “very expensive.”
US factories relied on investment from the two countries, including Canadian minerals and wood, as well as Mexican car parts. Ms. Lovely said that tariffs have also moved out of China with the urging of the Trump and Bayeng government in recent years.
According to S & P Global economists, Mexico’s automobile and electrical equipment department will be the most damaged. If tariffs are issued, Canadian mineral processing will also be disturbed. In the United States, the biggest risk is agriculture, fishing, metal and automobile industries.
Jonathan Samford, chairman of the Global Commercial Alliance on behalf of the International Corporation, said that tariffs may lead to rising costs of American consumers, slowing American companies, and losing opportunities for future investment.
He said: “Strike American consumers’ tariffs on product tariffs on major trading partners products to the US economy high.”
The potential economic impact of tariffs has also complicated the Fed’s issue, and the Fed is still trying to reduce the inflation rate to its target of 2 %. After the continuous inflation and how to play about tariffs, the Federal Reserve has remained stable this week.
Mr. Trump argued that tariffs to protect domestic manufacturers. But in general, most economists expect higher trade obstacles to increase the prices of American companies and families, which may cause temporary inflation rate to temporarily outbreak. Whether this will be upgraded to a more harmful question will depend on whether Americans’ expectations of future inflation will change in a meaningful way.
With the passage of time, economists are also worried about a wider economic impact, warning that the situation of trade tensions may lead to a reduction in investment, less and less business activities, and slower growth.
Ernie Tedeschi, director of Economic Director of Yale University Budget Lab, estimates that the tariffs of all Canadian and Mexican imports are 25 % -10 % pairing with all Chinese imported goods -will cause a permanent price level of 0.8 %. Essence This is about $ 1,300 in the family. These estimates that the target countries take revenge measures, and the Fed will not take actions by adjusting interest rates.
Mr. Tedsky predicts that once considering inflation, this will ultimately reduce the GDP 0.2 %.
Mr. Trump’s highest economic adviser refuted the idea of tariff refueling inflation. Ms. Liver said at a press conference that despite the tariffs, Mr. Trump’s first term still yielded. She said that the president is adopting other policies that will reduce inflation, such as tax cuts and encouraging energy production.
At this month’s confirmation hearing, Treasury Minister Scott Bessent rejected the Democratic Party’s concerns about Mr. Trump’s trade policy. This shows that in the face of U.S. tariffs, exporters from China and other countries will be Reduce its price.
Hamed aleaziz,,,,, vjosa isai and Emilianorodríguezmega Contribution report.
