Tuesday, November 26, 2024

'Counter to facts and reality': China, Mexico, Canada respond to Trump tariff threats

Officials in China, Mexico and Canada criticized Tuesday a pledge made by President-elect Donald Trump on social media to impose new tariffs on all three of the United States' largest trading partners on the first day of his presidency.

Trump said the move, which appears to violate the terms of a free-trade deal Trump signed into law in 2020, is aimed at clamping down on drugs − fentanyl especially − and migrants crossing into the U.S. illegally.

The president-elect said he would sign an executive order immediately after his inauguration introducing a 25% tariff on all goods coming from Mexico and Canada and a 10% tariff on goods from China. Trump takes office on Jan. 20, 2025. 

"Both Mexico and Canada have the absolute right and power to easily solve this long simmering problem," Trump said in a post on Truth Social, a platform he owns. "It is time for them to pay a very big price!" He accused China in a separate post of failing to block smuggling of U.S.-bound fentanyl, a synthetic opioid.  (Read More)