The United States will introduce 25 percent duties of the import of goods from Mexico and Canada from Tuesday (March 4) and increase 20 percent duties to import from China, confirmed on Monday US President Donald Trump. According to him, the aim is to force these countries to intensify their efforts to fight the smuggling of Fentanyl into the US. TASR reports according to AP.
Trump wanted to impose a 25 % import duties on all goods from Canada and Mexico since 1 February, no After negotiations with the leaders of these countries, he postponed the effectiveness of duties by about a month.
However, he now claims that neither Mexico nor Canada have left no maneuvering space to avoid these measures. He has accused them for a long time that they are not doing enough to fight illegal migration and smuggling fentanyl on their borders with the US.
“Tomorrow – 25 percent duties to Canada and 25 percent to Mexico. And it starts,” Trump told journalists in the White House Roosevelt Hall on Monday.
After his statement, according to AP, a sharp slump in US stock markets, The US dollar, however, recorded sharp growth – especially towards the Canadian dollar and the Mexican Pesa. Mexican President Claudia Sheinbaum has previously said that her country is ready for the United States to introduce extensive tariffs.
In February, US duties entered into force of ten percent beyond the existing duties to import from China. The US President confirmed on Monday that the US will raise them by another ten percentage points to 20 percent.
