The post Trump to impose a 25% tariff on Canada, Mexico; 10% more on China appeared on BitcoinEthereumNews.com.

Donald Trump said that one of his many first Executive Orders on January 20th would be to impose a 25% tariff on all products from Mexico and Canada. He added that China would be charged an additional 10% tariff on top of any other tariffs on all Chinese goods coming into the United States. Trump raised concerns over the large amounts of drugs, especially Fentanyl, that were coming into the U.S. from China through the porous Mexican border. The incoming president said his many talks with China about the drugs sent to the U.S. from their country had not been followed through by the Chinese government.  Trump believes imposing extra tariffs on China will enforce cooperation Breaking news: Donald Trump says he plans to impose tariffs on all US imports from China, Canada and Mexico in retaliation for illegal immigration and drug trafficking https://t.co/ZS5j0qluhe pic.twitter.com/qrA09ZuTCm — Financial Times (@FT) November 26, 2024 The incoming president, Donald Trump, took to Truth Social Media, where he shared his plans to force China into acting on previous talks that were never followed through. According to Trump, he had carried out many talks with China about the massive amounts of drugs, in particular, Fentanyl, that were being sent to the U.S. He called out the inaction of Chinese representatives who had previously promised to institute the maximum penalty of death for any drug dealers caught shipping drugs to the United States.  Trump claimed it was unfortunate that the strict oversight was never enacted, and the drugs continued to pour into the U.S., primarily through Mexico, at levels never seen before.  “Until such time as they stop, we will be charging China an additional 10% Tariff, above any additional Tariffs, on all of their many products coming into the United States of America.” ~ Donald…

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Filed under: News - @ November 26, 2024 7:24 am