Trump starts ‘trade war’ with Mexico, China and Canada

The newly elected President of the United States Donald Trump has revealed A series of business measures Which could have global implications. In a message posted on his Truth social platform, Trump announced Will impose 25% tariff on all imports from Mexico and Canadaexcept for 10% increase in taxes already imposed on products coming from ChinaThe measures, which will come into effect from January 20, are presented as the first step in a large-scale trade confrontation, the consequences of which could affect various economic sectors.

impact on trilateral trade

Republicans justify their decisions by citing what they perceive to be problems “open borders” in Mexico and Canada, and According to him, the massive entry of “illegal foreigners” who bring with them drugs and crime“Thousands of people are crossing into Mexico and Canada bringing crime and drugs levels never seen before”Pointing to the migrant caravan from Mexico, Trump said that, in his opinion, Represents an imminent threat to the national security of the United States. Furthermore, he called on the governments of both countries to immediately address the problem or face the consequences of their immigration policies.

Regarding ChinaTrump hints at seeing imports from Asian giants 10% increase in tariffUnless the country stops the flow of drugs, especially fentanyl, into the United States. “China’s representatives told me this They will impose maximum penalty, death penalty on any drug smuggler

that he was caught doing so, but, unfortunately, he never did that“Trump stressed that the measure seeks to prevent illegal trafficking, which, according to him, Crosses Mexican borders.

This announcement marks a paradigm shift in United States trade policy Tariffs on Mexico and Canada would jeopardize the $1.8 trillion trade deal shared by these three countrieswhich will impact key areas such as Automotive, Agriculture and TechnologyThe trade relationship between the United States, Canada, and Mexico is important to the global economy, and imposing tariffs could increase the prices of imported products. Affecting both consumers and companies around the world.

impact on international trade

International reaction was immediate. This is what China said about Trump’s statements “Irresponsible”and warned that May take retaliatory action against American products. Global markets also reacted to this news increase in the value of the dollarDue to which the price of American exports may increase.

With this first step, Trump seems willing to move forward more protectionist policy Which can have a significant impact on international trade. As their inauguration dates approach, expectations regarding the reaction of Mexico, Canada and China, as well as the reaction of global markets, remain a subject of debate and concern in international economic circles.

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