President Trump is set to implement 25% tariffs on imports from Canada and Mexico starting Tuesday, while also doubling tariffs on Chinese goods. He states that ongoing drug issues necessitate these changes and has pledged to maintain the tariffs until substantial improvements are seen in drug trafficking.
President Donald Trump announced that the 25% tariffs on imports from Canada and Mexico will commence on Tuesday, alongside a proposal to double existing tariffs on goods from China. Previously, these tariffs had been postponed due to recent agreements regarding border security with both countries, but Trump expressed concern over the continued influx of drugs, particularly fentanyl, from these nations.
In a post on Truth Social, Trump stated, “drugs are still pouring into our Country from Mexico and Canada at very high and acceptable levels,” identifying the production of a significant quantity of these drugs as originating from China. To combat this issue, he reaffirmed that the tariffs on Canada and Mexico would indeed take effect as scheduled on March 4, 2023.
Additionally, Trump announced that an extra 10% tariff will be applied to Chinese imports on the same date, effectively doubling the tariff rate already in place. He emphasized the urgency of addressing the drug crisis and indicated that such tariffs would remain until the crisis is substantially mitigated. The previously set date of April 2 for reciprocal tariffs will also proceed as planned.
This is an evolving story and updates will be provided as new information becomes available. For further details or inquiries, individuals are encouraged to contact Joey Garrison through X at @joeygarrison.
In summary, President Trump has initiated 25% tariffs on imports from Canada and Mexico, effective March 4, while simultaneously increasing tariffs for China. His administration cites ongoing drug issues as a major justification for these trade measures. Further updates will be provided as this situation develops.
Original Source: www.usatoday.com
