Trump confirms 25 percent tariffs in Canada, Mexico; Double doubles in China

President Donald Trump On Thursday (February 27) he confirmed that 25% of tariffs in imports from Canada and Mexico will take effect next week, while too Announcing an additional 10% tax on China’s assets.

In a real social position on Thursday, Trump justified tariffs citing ongoing drug trafficking problems, claiming that the substances of the neighbors of the United States of North are still entering the country at dangerous levels.

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“Drugs are still arriving in our country from Mexico and Canada at very high and unacceptable levels. A large percentage of these drugs, much of them in the form of a fentanyl, are carried out and supplied in China. More than 100,000 people died last year due to the distribution of these dangerous and highly addictive.

The president insisted that the situation could not continue without control. “We cannot allow this scourge to continue damaging the United States and, therefore, until it stops, that is, seriously limited, the proposed rates scheduled to enter into force in March FOUR In fact, it will come into force, as scheduled, ”he wrote.

Trump also confirmed that China would face an additional 10% rate on the same date, adding that, “The second reciprocal rate of April will remain in full vigor and effect. Thanks for your attention to this matter. God bless America! “

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The measure is expected to increase commercial tensions with key partners. Both Canada and Mexico had previously warned that they would introduce retaliation measures if tariffs were imposed. The decision could also have economic consequences, which potentially lead to higher consumption prices and slower growth, which can trigger a political reaction.

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However, Trump, who has long advocated strong tariffs, remains committed to his commercial agenda. As part of its broader plan, it intends to restore tariffs on April 2 to coincide with the rates that other countries impose on US assets.

On Wednesday, Trump also said that European nations would be subject to a 25%rate.

(With agencies inputs)