Travel
Trump threatens trade war on Mexico, Canada, China
字号+ Author:Smart News Source:Business 2025-01-13 22:35:52 I want to comment(0)
• Warns three nations to halt illegal immigration, drug smuggling or face punitive tariffs • Beijing says ‘no one will win a trade war’ • Mexico asserts tariffs will not stop US-bound migrants or drugs • Trudeau terms call with president-elect over concerns ‘good’ WASHINGTON: Donald Trump threatened to begin his presidency with a massive trade war — and diplomatic crisis — as he demanded China, Canada and Mexico stop illegal immigration and drug smuggling into the United States or face punitive US import tariffs. In a series of posts on his Truth Social platform late Monday, the president-elect warned he would impose trade barriers on the top three US trading partners the day he takes office. China quickly responded on Tuesday that “no one will win a trade war,” while Mexican President Claudia Sheinbaum said that tariffs were “not acceptable” and no way to address immigration and drug problems. Canadian Prime Minister Justin Trudeau said on Tuesday he had a “good” conversation with Donald Trump after the shocking tariff announcement. “We talked about how the intense and effective connections between our two countries flow back and forth,” Trudeau told reporters in Ottawa. “We talked about some of the challenges that we can work on together,” he added. “It was a good call.” Trump’s posts signaled he intends to return immediately to the style of his first presidency, when he regularly shocked Washington and US partners around the world with major policy shifts announced at odd hours on social media. If enacted, the tariffs would spark disruption across the global economy, deepening tensions with US rival China and upending relations with the two huge US neighbors. However, the threat backs up one of Trump’s main promises in his campaign against Democrat Kamala Harris, which was to use US economic muscle as leverage on issues having little to do with trade — namely his claim that the United States is under siege by foreign crime and dangerous migrants. “On January 20th, as one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25 per cent tariff on ALL products coming into the United States,” Trump posted. “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 said. “We hereby demand that they use this power, and until such time that they do, it is time for them to pay a very big price!” In another post, Trump said he would also be slapping China with a 10pc tariff, “above any additional Tariffs,” because the world’s second biggest economy was failing to execute fentanyl smugglers. “Representatives of China told me that they would institute their maximum penalty, that of death, for any drug dealers caught doing this but, unfortunately, they never followed through,” he said. Liu Pengyu, a spokesman for China’s embassy in the United States, told AFP that “China believes that China-US economic and trade cooperation is mutually beneficial in nature.” Mexico’s Sheinbaum fired back at Trump, saying his tariffs diplomacy was misguided. “President Trump, it is not with threats or tariffs that the migration phenomenon will be stopped, nor the consumption of drugs in the United States,” she told reporters, reading a letter she will send to Trump in which she proposes dialogue. “It is not acceptable and would cause inflation and job losses in the United States and Mexico,” she said. Bluster or serious? William Reinsch, senior adviser at the Center for Strategic and International Studies, said Trump’s Truth Social threats may be bluster — a strategy of “threaten, and then negotiate.” However, Trump’s first term in the White House was marked by an aggressive and protectionist trade agenda that also targeted China, Mexico and Canada, as well as Europe. While in the White House, Trump launched an all-out trade war with China, imposing significant tariffs on hundreds of billions of dollars of Chinese goods. China responded with retaliatory tariffs on American products, particularly affecting US farmers. Economists say tariffs can hurt US growth and push inflation, since they are primarily paid by importers bringing the goods into the United States, who often pass those costs on to consumers. Trump has said he will put his commerce secretary designate Howard Lutnick, a China hawk, in charge of trade policy. Lutnick has expressed support for a tariff level of 60pc on Chinese goods alongside a 10pc tariff on all other imports.
1.This site adheres to industry standards, and any reposted articles will clearly indicate the author and source;
Related Articles
-
Karachi mayor okays proposal to convert 9,000 KMC shops to solar energy
2025-01-13 21:29
-
وِکڈ 2025ء کے گولڈن گلوب ایوارڈز میں بڑی کامیابی سے ہم کنار ہوا۔
2025-01-13 21:01
-
پرنس اینڈریو کی رائل لاج کا خواب شرمندہ تعبیر ہوا کیونکہ ان کے مالیات کو شدید نقصان پہنچا ہے۔
2025-01-13 20:28
-
پرنس ولیم اور کیٹ مڈلٹن نے شاہ چارلس کے قوانین کی خلاف ورزی کرتے ہوئے بڑا فیصلہ کیا۔
2025-01-13 20:03
User Reviews
Recommended Reads
Hot Information
- Against all odds, over 50 women start own businesses in militancy-hit Bara
- گولڈن گلوبس میں ڈیمی مور نے کیلی جنر کو بے ہودہ انداز میں نظر انداز کیا۔
- زیندایا نے ٹام ہالینڈ کے ساتھ رومانس کے بارے میں بڑی افواہوں کی تصدیق کردی
- گولڈن گلوبس 2025 مکمل فاتحین کی فہرست
- Sikh pilgrims welcomed on Guru Nanak’s 555th birth anniversary
- 2025ء کی گولڈن گلوب: اس وقت سیلینا گومز ایک غم سے زیادہ محسوس کر رہی ہیں۔
- وِکڈ 2025ء کے گولڈن گلوب ایوارڈز میں بڑی کامیابی سے ہم کنار ہوا۔
- گولڈن گلوبس 2025: جوڈی فاسٹر نے 60 کی دہائی کو ہالی ووڈ میں خواتین کے لیے سنہری دور قرار دیا۔
- NA body for strict oversight of MDCAT
Abont US
Follow our WhatasApp account to stay updated with the latest exciting content