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Trump says he will hit China, Canada and Mexico with new tariffs

November 26, 2024
in Finance
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Trump says he will hit China, Canada and Mexico with new tariffs
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Donald Trump has said he intends to levy tariffs of 25 per cent on all US imports from Canada and Mexico, and an extra 10 per cent tariff on Chinese goods, in retaliation for illegal immigration and drug trafficking.

In a post on his social media site, Truth Social, Trump said he would impose the tariffs on Canada and Mexico on his first day in office “on ALL products coming into the United States, and its ridiculous open borders”.

The tariff would remain in place “until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country”.

Trump said the tariffs on China would be on “all” products and would be charged on top of existing levies on Chinese goods.

He attacked Beijing for failing to follow through on promises to carry out the death penalty for people dealing Fentanyl, a deadly synthetic opioid.

Joe Biden’s administration has been pressing Beijing for several years to crack down on the production of ingredients used in fentanyl, which it estimates claimed the lives of almost 75,000 Americans in 2023.

This is a developing story

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