President-elect Donald Trump plans to impose a 25% tariff on all products from Mexico and Canada, and an additional 10% on goods from China, citing illegal immigration and drug trafficking. These measures could potentially trigger a trade war and spark economic tensions.
inched lower after the President-elect Donald Trump said he would impose a 25% tariff on all products from Mexico and Canada , and an additional 10% tariff on goods from China , citing concerns over illegal immigration and the trade of illicit drugs.
Trump said in a post on Truth.social that he had held numerous talks with Chinese officials over curbing the supply of drugs, particularly fentanyl, to the U.S., but claimed that such talks had not yielded any results, and that “drugs were still pouring into our country, mostly through Mexico, at levels never seen before.”pair rose 0.3% on Tuesday.
During the election campaign, Trump consistently advocated the imposition of a 10% uniform import tariff rate applicable to all trading partners of the United States.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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