Trump reveals huge trade tariffs against key economies as election interference case dropped: Live
China and Canada respond to Trump’s tariff threats
The threatened double-digit tariffs would likely have major impacts on key sectors of the US economy, including auto manufacturing, crude oil and agriculture, all of which involve trade with the targeted countries.
The tariffs, if implemented, could dramatically raise prices on everything from gas to automobiles.
The US is the largest importer of goods in the world, with Mexico, China and Canada as its top three suppliers, according to the most recent Census data.Trump reveals huge trade tariffs against key economies as election interference case dropped: Live
“On January 20th, as one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25% Tariff on ALL products coming into the United States, and its ridiculous Open Borders,” he wrote, complaining that “thousands of people are pouring through Mexico and Canada, bringing Crime and Drugs at levels never seen before,” even though violent crime is down from pandemic highs.China and Canada respond to Trump’s tariff threats
“On January 20th, as one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25% Tariff on ALL products coming into the United States, and its ridiculous Open Borders,” he wrote on Truth Social. “This Tariff will remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country!”
He went on to say his punitive tariffs on China were also linked to his concerns with fentanyl, accusing the country of not following through on instituting severe penalties — including the death penalty — on drug importers.China and Canada respond to Trump’s tariff threats
