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Canada, Mexico and China impose retaliatory duties on imports against theU.S.

Канада, Мексика и Китай вводят ответные пошлины на импорт против США

Canada, Mexico and China vow to respond to new scale tariffs on their exports to the U.S., announced by President Donald Trump.On Saturday Trump announced the imposition of 25 percent tariffs on goods imported to the US from Canada and Mexico, as well as a 10 percent tariff on Canadian energy. All goods from
China are also taxed 10 percent tariff. He stated that these measures are necessary to call three countries “to account for their promises to stop the
flow of drugs to the United States.” In response Canada and Mexico announced that they are preparing similar tariffs on U.S. goods, and China added that it
will “take “necessary countermeasures to protect its legal rights and interests. The introduction of tariffs
and the following responsive measures could mark the beginning of a new era of global trade war. Economists warn that the imposition of US import duties and responsive measures by other countries could
increase the prices of a wide spectrum of goods, from automobiles, wood and steel to
food and alcohol. But Trump said that he was prepared to go for further escalation of duties if countries take responsive measures. “Today’s announcement of tariffs is necessary to force China, Mexico and Canada to respond
to their promises to stop the flow of poisonous drugs to the United States.” – said in a statement of the White House, published on Saturday on Social Media X. Tariff – is the domestic tax charged on goods when they are imported into the country, proportional to the cost of imports.Trump’s vision,
who views they as a way to grow the U.S. economy, protecting jobs and
increasing tax revenues, and in this case as a means of pressuring the allies. Last year China, Mexico and Canada
accounted for more than 40% of U.S. imports. The economies of Canada, Mexico and the U.S. are deeply integrated, and it is estimated that industrial goods crossing the border dollars of 2 billion dollars daily. In particular,
Canada is the largest foreign supplier of crude oil to America. According to the last official trade data, 61% of oil imported into the U.S. in the
period from January to November last year is Canadian origin. Signature to the photo, “I will not embellish – in the next days and weeks our country may face hard times.” – said Trudeau in a telephone address to Canadians Prime Minister
of Canada Justin Trudeau announced scale responsive tariffs in the size of 25%, which will affect U.S. goods valued at 155 billion dollars. Tariffs on the amount of 30 billion dollars will become in effective on Monday,
the rest in three weeks. American beer, wine, bourbon, fruit and fruit juices are among the goods that will be subject to duties, vegetables, perfumes, clothing and shoes, and also household appliances, sports goods
and furniture. Lumber and plastics will also be taxed with duties. “We didn’t want to be in this situation, we didn’t ask for
this, ” he said at a press conference on Saturday. – – But we will not back down, protecting the interests of Canadians.” Trudeau rejected the assumption that the U.S.-Canadian borderposes a threat to security, calling it “one of the most reliable and safe
in the world.” “Less than 1% of fentanyl coming into the U.S. is coming from Canada. Less than 1% of illegal migrants coming into the U.S. are
coming from Canada, ” Trudeau said. – – Trade measures against Canada –
is not the best way to work together to save lives.” Earlier Ottawa promised to adopt new security measures on the border with the US for an amount of 1,3
billion Canadian dollars (about 900 million US dollars), to avoid tariffs. The White House accused the government of Mexico of
“unacceptable alliance” with Mexican drug trafficking organizations. Mexico President Claudia Sheinbaum called “slanderous” accusations that the Mexican government made alliances with criminal organizations, and called on the U.S.
to do more efforts to disrupt illegal supplies of weapons to Mexican cartels. “Problems are resolved not by imposing tariffs, but by negotiation,” Sheinbaum said, emphasizing that Mexico is ready to cooperate
with the US. She directed her economy minister to adopt responsive measures, including tariffs. They are expected to include responsive tariffs of 25% on American goods. China said that Trump’s decision on a 10 percent tariff on the importation
of goods from China seriously violates
the rules of the World Trade Organization. “China is extremely unhappy with this and decides strongly to oppose it,” the Ministry of Trade of the China said. The statement says that Beijing will sue the WTO against
the US for “abusive work practices” and take countermeasures to protect its rights and interests.trade and tariff war there are no winners, ” said a spokesman for the PRC Embassy in Washington. American industrial groups also are
alarmed. The automotive sector may be particularly affected. Auto parts multiply cross three borders before they are assembled from their vehicles, and according to the publication TD Economics, the
average price of a car in the U.S. could increase by approximately 3 000 dollars. The January report of the Institute for International Economics Peterson said, that the
imposition of 25 percent tariffs on Canada and Mexico will slow growth and accelerate inflation
inallthreecountries.TheFarmersForFreeTradeOrganizationhassaidthatsincemanyAmericanfarmersandsoaredifficult,”newtariffswill onlyexacerbatethesituationinmostruralareasinAmerica.”Association ofLeadersofRetailTradeUnited States,whichincludesmorethan200largecompanies,such asHomeDepot,TargetandWalgreens,hasexpressedhopethattariffswillalwaysbe avoided.OnFriday,DonaldTrumphimselfacknowledgedthattariffscouldcause”sometemporary,short-termdisruptions.”

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