Washington: US President Donald Trump has once again waged a trade war on the world. Trump started a trade war with China in his first term and now he has also targeted neighboring countries. Trump on Saturday ordered a 25 percent tariff on the northern and southern neighboring countries of the US, Canada and Mexico and 10 percent tariff on China. On the other hand, Canada and Mexico have announced a 25% tariff on American goods, taking a tough stance against the US, while China has threatened to enter the World Trade Organization. There is a possibility that the trade war will increase further as the three countries are refusing to bow down to Trump. Tariffs imposed by Trump are going to be effective from Tuesday, so the tariff war is likely to damage North American development.
US President Donald Trump on Saturday signed an order to impose 25 percent tariffs on neighboring countries Mexico and Canada. Trump announced that 10 percent tariffs would be imposed on all goods imported from China, while 25 percent tariffs would be imposed on imported goods from Mexico and Canada. However, 10 percent of tariffs have been imposed on imported energy products from Canada, including crude oil, natural gas and electricity.
After this announcement, Trump said on social media that it was necessary to impose tariffs on both countries to protect American interests. Canada and Mexico have been imposed 25 percent tariff to allow illegal immigrants to enter the United States through their borders, while China is responsible for smuggling deadly drug Fentanill in the United States on 10 percent tariff has been applied. Trump also warned that if the three countries retaliate, they will be imposed more heavy tariffs.
Refusing to bow down to Donald Trump’s action, Canada and Mexico on Sunday announced that they would impose 25 percent tariffs on imported goods from the United States in retaliation. Canadian acting Prime Minister Justin Trudeau said the action by the White House on Saturday has divided the US and Canada together instead of bringing them together. We will impose 25% tariffs on goods worth up to $ 155 billion in the United States.
Trudeau said Canada stood with Americans in every natural disaster, whether it is a recent fire or storm Katrina in Los Angeles. War in Afghanistan has also been fought between the armies of the two countries. Along with this, Trudeau appealed to the countrymen to buy indigenous products and enjoy the tourist destinations of the country. Mexican President Claudia Shifbam said, “We dismiss the allegation of the White House that the Mexican government is involved with criminal organizations and intends to intervene in our country.” We have instructed the Secretary Secretary to take other steps, including imposing counter tariffs to protect the interests of Mexico.
China has also threatened to join the World Trade Organization to oppose the US move to increase tariffs. China’s Ministry of Commerce said that unilateral tariff growth by the United States is a violation of the rules of the World Trade Organization. These measures will also obstruct general economic and business cooperation in China-US relations.
Trump’s move to increase tariffs on three countries is being criticized not only abroad but also in the United States. Democrats got an opportunity to criticize Trump on the issue and said that Americans were concerned about increasing inflation. He voted for Trump to control inflation, but now Trump’s actions will be responsible for an increase in inflation.
– Trump’s tariff war is also expected to have a serious impact on the American economy
– The US President had launched a trade war against China earlier also
– Canada, Mexico and China have more than one third of imported products in America: Expert
Washington: US President Donald Trump has started a tariff war by announcing tariffs on Canada, Mexico and China. The trade war was one of his important weapons even during Donald Trump’s first term, which he had teased against China. However, this time Trump has also posed a serious threat to neighboring countries Canada and Mexico by deploying this weapon. The tariff order imposed by US President Donald Trump will be effective from Tuesday night and may have a serious impact on the US economy. Canada, Mexico and China make more than one -third of imported products in the United States, providing employment to millions of Americans. The US imports from Mexico in auto and electrical equipment sectors, while Canada imports in mineral processing areas. However, this trade war is expected to pose the most threat to agriculture, fisheries, metal and auto manufacturing in the US. Due to tariffs imposed on imported products from these countries, some companies may put the burden on consumers by increasing the product prices. On the other hand, some companies themselves may bear these burden, while other companies may force foreign suppliers to bear these burden. According to a report, when Trump imposed a tariff on China during his first term, most companies put the burden on American consumers. Once again a similar situation seems to be arising. This means that there may be a huge increase in grocery, car and petrol prices in America. The United States imports about 60 percent of its requirement from Canada. Prices may increase due to Trump’s tariff on Canada.
