President Donald Trump digs his heels on Saturdays with large -scale duty to Mexico, Canada and China.
Experts warned that customs would raise all prices, from Super Boul Avocado to gasoline, cars, maple syrups, to iPhone.
The opposition was an instantaneous Mexican and Canada, which imports more American products than any other country, but immediately responded to their own retaliation tariffs.
In particular, the Canadians seemed to be receiving the news personally. Prior to the NHL game nationwide on Saturday night, he gave Bronx cheers to the “Star Spangld Banner” and re -cheered on the Torontorapters home game on Sunday.
Trump has not retreated.
“This is the golden age of the United States! Is there any pain? Yes, maybe (and maybe not!) But we will re -make the United States again, and we have to pay all. The price is worth the price, “said 78 -year -old Trump on all caps on a true social Sunday.
Trump has declared that 25 % of tariffs will be imposed on imports from Canada and Mexico because of the lack of fatal drugs and illegal immigrants, and 10 % of tariffs on imports from China. He declared that he will be imposed.
“As you know, there are all three large deficits. In some cases they are sending a large amount of Fentanyl, killing hundreds of thousands of people a year together with Fentanyl, and in the other two cases. Trump stated in an elliptical office, saying in an elliptical office.
“The extraordinary threats brought about by illegal aliens and drugs containing fatal Fentanyl constituting the state of the state,” said the White House's statement that Trump has evolved the International Emergency Economic Law (IEEPA). He gave the power to establish tariffs.
The statement stated that Trump's “bold behavior” in imposing trade collection, which was rejected by many people in the presidential election, is intended to take the state responsible.
However, in 2023, he suggested that it was an attempt to equalize the stadium against the three countries that had a total of $ 450 billion in trade deficit.
Trump theoretical basis for tariffs
Many of the official statements of White House, which justify tariffs, position illegal immigrants and opioid crises as major drivers for moving.
“Last year, customs and border security (CBP) arrested more than 21,000 pounds at our border and arrested Fentanyl, which is enough to kill more than 4 billion people,” said the government. The staff said, “I just say that it can only grasp the fractions.” The deadly drugs were smuggled across the border.
Trump accused Mexico and Canada that he had neglected to execute Fentanil in the United States, but turned his finger to China because he could not block the spire of precursor chemicals used to manufacture fatal drugs. , I tried not to get it. Cartel.
The purpose of customs duties is to increase US financial resources by dealing with the unique imbalance of trade between nations.
“The United States has a large deficit in Canada, Mexico, and China (and almost all countries!) And have $ 36 trillion. We are no longer a” stupid country. ” I declared.
The White House has revealed that the Trump administration believes that the largest trade partner in the United States can lose more in the trade war than the United States.
“Access to the American market is privileged,” said the White House.
“Trade accounts for 67 % of Canadian GDP, 73 % of Mexico GDP, and 37 % of China's GDP, but only 24 % of US GDPs, but in 2023. The trade deficit of the product was more than $ 1 trillion. “
It will hurt you more than hurt us
In addition, trade relationships are much more important for Mexico, Canada and China's economy than in the United States.
Mexico's products account for 24 % of the Mexico economy. In the case of Canada, exports to the United States are 18 % of the economy. In the United States, exports to Mexico and Canada are worth only 1 % in the US economy.
almost 75 % of Canadian exports Only about 13 % of US exports go to Canada to go to the United States. meanwhile, About 80 % of Mexico exports Flow to the United States 16 % of US exports Go to them.
Trump stated on Sunday that the United States did not produce in Japan, but “subsidized” Canada by importing products. He is a neighbor in the north of the United States[cease] If the subsidy is exhausted, it must exist as an executable country.
He also repeated his ideas in which all of these problems would be gone when Canada was in the fifth state.
“If you make a product in the United States, there is no tariff!” He added to all caps. “Why the United States loses a few trillion dollars when assisting other countries, and other countries need to pay only some of the US citizens' drugs and pharmaceuticals. President?
The new taxes of Transache also include an additional 10 % tax on Canadian energy exports.
“I don't need anything they have. We have unlimited energy. We make our own car and have more wood than we can use.” I said.
Customs duties are also abolished. “De Minimis” exemption In a package of less than 800 dollars, Chinese retailers such as Alibaba, Temu, and Shein can save hundreds of millions of retailers a year by directly shipping cheap clothes and gadgets to US consumers.
Canada and Mexico fight back
Trump has successfully succeeded last week by rattling the Colombia Petro's tariff Saber to ensure that the deported immigrants can enter the airplane loaded. After hitting the South American country with a 25 % tariff, Peter immediately buckled, and then offered to return the president's plane and close immigrants.
However, Canada, Mexico, and China have never given up without fighting.
Canada and Mexico hit US products almost quickly with 25 % counter tallifs. China, on the other hand, has announced plans to bring this issue to a World Trade Organization for new 10 % of the new trumps.
Trading between the United States and these three countries is about $ 1.4 trillion per year, accounting for more than 40 % of US imported goods.
Bloomberg Economics It is presumed that the reported economic sea may be earlier, and the proportional trade war can raise the current average US tariff ratio from only less than 3 % to 10.7 %. They also warned that GDP could sink 1.2 %, threatening that GDP would raise inflation by 0.7 %.
Trump tariffs seem to be giving the costs of retailers to customers, so consumers are likely to see high prices for products, such as fruits, meat, gasoline, car, and electronic equipment. 。
It is estimated by the tax foundation Trump's tariff is to reduce GDP by about 0.4 % and raise unemployment with about 344,000 employment.
In the short term, the Tax Foundation hopes that the average US household will pay a more $ 830 tax on the federal government through tariffs on purchased products.
