US President mentioned Brazil, China, India, Mexico, Canada and the European Union in a speech before the US Congress
US President Donald Trump said on Tuesday that other nations have been using tariff measures against the United States for years and has now been time to use them against other countries. “
Trump, what hours earlier he approved up to 25% rates against Mexican, Canadian and Chinese imports, mentioned Brazil, China, India, Mexico, Canada and the European Union in a speech to the US Congress.
“Other countries have used fares against us for decades and now it is our turn to start using them against other countries,” Trump told legislators in the first speech of his second term in the face of the two councils of Congress.
“This is happening to friends and enemies. The system is not fair to the United States,” Trump accused, reiterating that on April 2 “reciprocal tariffs” will be put into practice against sectors and countries that tax US products in tariffs and non-tariffs and other types of barriers.
“We have been fooled by almost every country on the planet for decades and we will not let it happen again,” Trump insisted, who on Tuesday has in force in effect against Mexico and Canada for supposedly not enough to combat fentanyl trafficking and illegal immigration.
“Mexico wants to please us,” Trump said about extradition to the United States of 29 drug traffickers.
“But we need Mexico and Canada to do much more than they are doing. They need to prevent Fentanil and drugs from entering our country,” he added.
In addition, Trump pledged to impose an additional 10% rate on China – had announced 10% previously – with the argument that the country made enough efforts to combat fentanyl entry into the United States.
Donald Trump assured that his protectionist policy would also protect US farmers and would impose rates on agricultural products from April 2, although he has recognized that “there may be a short adjustment period.”
The US president mentioned rates on raw materials that he considers strategic, such as aluminum, copper, wood and steel.
Trump has begun a trade war with three main trading partners that threatens the survival of the free trade agreement and, according to economists, can lead the United States to even higher inflation and possible economic slowdown.
