BBC News, New York, Beijing and London
President Donald Trump said he was moving forward with a 25%tariff on products imported from Canada and Mexico to the United States, and it was time to reach a contract.
The US stock market was threatened from the beginning of this year and sank in response to measures that will take effect on Tuesday.
It is expected that an additional 10%tariff on China’s imports is expected, and all three of the three major trade partners in the United States faced a significantly higher trade barrier than a week ago.
Trump said on Monday, “There is no space to Mexico or Canada.” “The tariffs are all set. It is effective tomorrow.”
Trump threatened to impose tariffs. This threatened to impose taxes in response to the allowable trends of illegal drugs and unplased immigrants to the United States, which is added to the product when entering the country in Canada, Mexico and China.
He has already imposed a 10%tariff on exports to China last month, which means that the country’s products are currently facing a minimum of 20%.
All three countries said that retaliation for the United States will proceed in response to tariffs.
Melanie Jolly, a foreign minister of Canada, said the tariff said, “Thousands of jobs in Canada are in danger.”
She warned that Canadian officials tried to avoid 25 percent of the Trump administration, but “we are ready for the opposite tariff.”
Trump has long been maintained as a useful tool for correcting trade imbalances and protecting US manufacturing.
He has greatly dismissed the US’s economic damage in danger, despite being closely related to North America, which has enjoyed free trade for decades.
“What they need to do is build car plants in the United States, honestly, and other things, in which case there is no tariff.”
The three major indexes in the United States sank according to Trump’s opinion. Dow Jones average fell 1.4%per day, 1.75%for S & P 500, and 2.6%in NASDAQ.
The officials of Canada and Mexico have recently been in Washington and tried to avoid tariffs.
Mexico’s president Claudia Sheinbaum told Trump early Monday that “Mexico must be respected.”
“Cooperation (and) adjustment, yes, dependent, absolute.”
Justin Trudeau Canadian Prime Minister said at the Ukrainian summit on Sunday that Canada was “not a problem.”
According to US data, only 1 percent of Pentanil seized in the United States is believed to have come from Canada.
The Canadian border service agency (CBSA) said it is “soaring” efforts to cross the pentanyl crossroads into the United States.
Canada repeatedly added that tariffs will harm the two economies, but they will defend themselves if they occur.
Last month, it would be imposed as an answer to the US tariffs. The items in the list included everyday products such as pasta, clothing and perfumes.
Anta Anand, Minister of Trade, Canada, recently met with civil servants in Washington and said it would respond on weekends.
“We are keeping the wheels steadily. We are ready to prepare for all situations, but we will defend our economy every time.” She told CBC News.
China’s state -of -the -art newspaper newspaper said that Beijing prepared for measures and perhaps aim for US agricultural and food.
President Trump also announced 25 percent of claims for all steel and aluminum imports that will enter into force on March 12.
He also threatened to impose a customized “mutual” tariff on individual countries and 25% of the European Union.
