US President Donald Trump has signed a regulation that imposed tasks for the import of goods from Canada, Mexico and China. The authorities of Canada and Mexico have already announced retribution, while China – a complaint to the World Trade Organization.
On Saturday, Trump ordered 25 % tasks on import from Canada and Mexico and 10 % tasks on goods from China, which states that Beijing should stop the flow of Fentanyl, deadly opioid, to the United States.
A quick reaction from Canada and Mexico to American tasks
Canada Prime Minister Justin Trudeau and president of Mexico Claudia Sheinbaum announced the retribution. Trudeau announced that Canada would impose a 25 % tasks on American goods worth $ 155 billion. In turn, Sheinbaum said that she had recommended the officials “implementation of plan B”, which comprises money in the form of rates and duties “to defend the interests of Mexico.”
The White House previously sent information to the media, in which he accused the Mexican government of direct cooperation with drug cartels with the justification of customs. “The government of Mexico offered a safe hiding place to cartels. This alliance threatens the national security of the United States,” written.
“We categorically reject the defamation of the White House in the government of Mexico that he has trade unions of criminal organizations, as well as all the intentions of interference on our territory,” said Sheinbaum.
The ABC news station emphasizes that Mexico and Canada are responsible for 70 percent. Import from oil to the US, the most important source of gas supply to the country. According to experts, customs will probably increase the prices that are paid by Americans, because importers usually transfer part of higher costs to consumers.
China responds to Trump. “Fentanyl is an American problem”
On Sunday, the Chinese government condemned Trump’s decision to impose tasks on Chinese import, allowing the gate to talk to Washington, so that the conflict could deepen.
Beijing announced that he would appeal against the decision of the US President at the World Trade Organization (WTO) and take undefined “legal remedies”.
The sharpest position in China, however, concerns Fentanyl. This is a problem that was also forced by the administration of Joe Biden, and called Beijing to shorten the delivery of Chinese chemicals needed to produce this medicine.
A spokesperson for the Chinese Ministry of Foreign Affairs Mao Ning said that Fentanyl is a problem with America. She added that Beijing performed extensive anti -Nobacco cooperation with Washington, which achieved “unusual results”.
Economists, on which the Reuters Agency refers to, claim that the implementation of Trump’s plans will cause inflation in the US, break down trade between America and China and radically change the supply chains.
Source: Do Rzeczy
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
