Trump pledges to impose additional tariffs on major US trading partners

Donald Trump has indicated his intention to impose tariffs on imports from Canada, Mexico, and China upon taking office. Read Full Article at RT.com

Trump pledges to impose additional tariffs on major US trading partners
US President-elect Donald Trump has announced his intention to impose significant tariffs on imports from Canada, Mexico, and China once he assumes office in January.

In a statement shared on his Truth Social platform on Monday, Trump outlined his plan for increased tariffs as part of a broader strategy to address illegal immigration and the fentanyl crisis affecting the United States.

“Thousands of people are pouring through Mexico and Canada, bringing crime and drugs at levels never seen before,” he wrote. He threatened to implement “a 25% tariff on all goods” coming from Mexico and Canada “until such time as drugs, in particular fentanyl, and all illegal aliens stop this invasion of our country.” Trump asserted that both nations “have the absolute right and power to easily solve this long simmering problem.”

In another post, he proposed a blanket 10% tariff on all Chinese imports in addition to any existing tariffs, stating this would remain until China takes measures against drug dealers sending fentanyl to the United States.

The opioid epidemic and the challenges posed by illegal immigration were prominent issues during the 2024 presidential campaign. China had prohibited the production of the synthetic opioid in 2019, after which Mexican drug cartels began sourcing less regulated fentanyl precursor chemicals from Chinese firms and manufacturing the drug in Mexico for shipment to the U.S., according to the Drug Enforcement Administration.

Trump has long identified as a “tariff man” and previously engaged in a prolonged trade war with Beijing during his first term. Tensions escalated in 2018 as he enacted tariffs and curtailed China's access to advanced U.S. technology and investments over national security concerns, while also accusing China of engaging in unfair trade practices.

In response to Trump's tariff threats, the Chinese Embassy in Washington expressed concerns over the implications of a trade war. “China believes that China-US economic and trade cooperation is mutually beneficial in nature,” said spokesperson Liu Pengyu in a statement. “No one will win a trade war or a tariff war.”

Earlier in November, Chinese President Xi Jinping conveyed to US President Joe Biden that the relationship between the two countries could deteriorate if either side engages in “vicious competition and seeks to hurt each other.”

Ian Smith contributed to this report for TROIB News