Trump Plans new Tariffs on Canada, Mexico, and China

[Social Media]

 

Former President Donald Trump has announced plans to implement new tariffs on imports from Canada, Mexico, and China as part of his strategy to address the ongoing fentanyl crisis and immigration issues. Trump outlined his intentions in a post on Truth Social, framing the proposed tariffs as a bold step to combat drug trafficking and illegal immigration.  

 

On his first day back in office, Trump pledged to enact a 25% tariff on all products imported from Canada and Mexico. He described the measure as a response to what he called an "invasion" at the U.S. border. “On January 20th, as one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25% Tariff on ALL products coming into the United States, and its ridiculous Open Borders,” he stated. “This Tariff will remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country!”

 

The plan extends beyond North America, with Trump indicating his intention to impose additional tariffs on Chinese goods. He accused China of failing to curb the flow of fentanyl-related substances into the United States. “I have had many talks with China about the massive amounts of drugs, in particular Fentanyl, being sent into the United States — But to no avail,” Trump wrote. “Until such time as they stop, we will be charging China an additional 10% Tariff, above any additional Tariffs, on all of their many products coming into the United States of America.”  

 

Canada and Mexico are vital trading partners for the U.S., collectively accounting for nearly 30% of total trade volumes. Tariffs on goods such as vehicles, dairy products, paper, and building supplies would likely disrupt supply chains and increase costs for American businesses and consumers. China, another critical trade partner, would also face significant economic consequences under Trump’s proposed tariffs.  

 

High-level discussions between the U.S. and China about the fentanyl crisis have been ongoing, with President Joe Biden and Chinese President Xi Jinping meeting last year to resume counternarcotics cooperation. Biden has also increased tariffs on Chinese goods, including a significant rise on electric vehicles from 25% to 100% earlier this year.  

 

Trump’s proposals build on his past trade policies, including his 2020 campaign declaration to implement a 20% blanket tariff on all imports and a 60% tariff on Chinese goods. During a presidential debate against then-Democratic nominee Kamala Harris, Trump defended his tariff plans, saying, “Other countries are going to finally, after 75 years, pay us back for all that we’ve done for the world, and the tariff will be substantial.” Harris criticized the tariffs as a “sales tax on the American people.”  

 

Critics argue that these tariffs could have severe economic repercussions. Economists estimate they would cost Americans $78 billion annually. For instance, a $50 pair of shoes could rise to $65, and a $2,000 mattress could increase by nearly $200. Retailers such as Five Below, Wayfair, and Dollar Tree are particularly vulnerable in a trade war scenario, according to a CNBC analysis.  

 

Trump’s tariff plans could also conflict with the U.S.-Mexico-Canada Agreement (USMCA), a trade pact he championed during his first term. Arturo Sarukhan, Mexico’s former ambassador to the U.S., noted that the proposed measures would likely violate the agreement, which went into effect in July 2020.  

 

While Trump's proposals are likely to face pushback from business leaders and lawmakers, they reflect a continuation of his "America First" trade policies that defined his earlier administration. As the campaign trail unfolds, these controversial measures are set to ignite heated debate over their potential impact on the U.S. economy and international trade relations.  

 

Based on a report by NBC News 2024-11-27

 

 

 

[KhunLA]

MAGA ... That is how you get manufacturers to stop out sourcing and return to the USA.  Good for the economy and workforce in the long run.  Probably inflationary on the short term for bigger ticket items.

 

Need to reverse the exodus of manufacturing sooner or later, and sooner is always better.

[Gsxrnz]

The Donald is very transactional. He understands the philosophy of the stick and carrot, and is not afraid to use the stick. 

[Cryingdick]

It is basically already sorted with Canada and Mexico. You can find your own link but yeah they already talked. KT called with in two hours and all Claudia has to do is block their southern border. China is different but mexico and canada was that easy. More proof that the Biden admin didn't ever do it's job.

[dinsdale]

Trump wants to stop illegal immigration, human trafficking and drugs and weapons flooding in. He's going to use an economic stick to assist in this. The majority of the American voting public voted for action on the aforementioned issues and Trump will deliver on what he said he'd do. 

[HappyExpat57]

This is as idiotic and simple-minded (read: stupid) a tactic as one can take. Targeted tariffs are a useful tool. What this shallow-minded fool is planning is just like performing open heart surgery with a chainsaw.

 

Bottom line: you gonna kill the patient.

[Cryingdick]

2 minutes ago, HappyExpat57 said:

This is as idiotic and simple-minded (read: stupid) a tactic as one can take. Targeted tariffs are a useful tool. What this shallow-minded fool is planning is just like performing open heart surgery with a chainsaw.

 

Bottom line: you gonna kill the patient.

It's already done.Mexico and Canada agree to help. Biden used to be mocked as the migrant president in Latin America. Nobody could make sense of his desire to let all and sundry in at any cost. They understand trump's objectives because they align with thoseof the USA, Mexico and Canada..

[JimHuaHin]

53 minutes ago, KhunLA said:

MAGA ... That is how you get manufacturers to stop out sourcing and return to the USA.  Good for the economy and workforce in the long run.  Probably inflationary on the short term for bigger ticket items.

 

Need to reverse the exodus of manufacturing sooner or later, and sooner is always better.

I would like to know from which university you received your advanced economics degree.

[JimHuaHin]

13 minutes ago, HappyExpat57 said:

This is as idiotic and simple-minded (read: stupid) a tactic as one can take. Targeted tariffs are a useful tool. What this shallow-minded fool is planning is just like performing open heart surgery with a chainsaw.

 

Bottom line: you gonna kill the patient.

Agreed, and this case the patient is the USA.

 

Trump and his fan club seem to have a very limited understanding of how much the USA is dependent upon foreign-sourced material for everything, including food, medications, technology, etc; as well as essential materials (elements) required by US industry for local production, but which are either not found or are in very limited supply in the USA.  By placing (big) tariffs on its friends and neighbours, the USA may find itself very alone in the world.

[JonnyF]

Could to see a politician do what he promised.  

 

If only I could say the same of our lying UK government. 

[BKKKevin]

While some prices may go up… The silver lining in this is there will most likely be an opportunity to invest in the SP 500 at 30-50% off in the yew year… 

[Cryingdick]

3 minutes ago, JimHuaHin said:

Agreed, and this case the patient is the USA.

 

Trump and his fan club seem to have a very limited understanding of how much the USA is dependent upon foreign-sourced material for everything, including food, medications, technology, etc; as well as essential materials (elements) required by US industry for local production, but which are either not found or are in very limited supply in the USA.  By placing (big) tariffs on its friends and neighbours, the USA may find itself very alone in the world.

The USA is a huge place with vast resources. As far as technology goes you must be joking. We are the leaders in that area. Materials to an extent you are right. The USA can feed itself and most countries can't. 

[Cryingdick]

There was a glitch that froze my cursor. As far as tech goes the usa is the only game there is. Please name relevant tech companies from anywhere, the Mag 7 are worth more than all of the European stock exchanges combined.  The USa has unlimited energy, tech, AI, and food security.

 

Obviously this is only the case if we protect our borders.

[herfiehandbag]

21 minutes ago, JimHuaHin said:

I would like to know from which university you received your advanced economics degree.

Trump University?

[HappyExpat57]

45 minutes ago, Cryingdick said:

It's already done.Mexico and Canada agree to help. Biden used to be mocked as the migrant president in Latin America. Nobody could make sense of his desire to let all and sundry in at any cost. They understand trump's objectives because they align with thoseof the USA, Mexico and Canada..

The topic is tariffs. Try to keep up.

[Lacessit]

17 minutes ago, Cryingdick said:

There was a glitch that froze my cursor. As far as tech goes the usa is the only game there is. Please name relevant tech companies from anywhere, the Mag 7 are worth more than all of the European stock exchanges combined.  The USa has unlimited energy, tech, AI, and food security.

 

Obviously this is only the case if we protect our borders.

Every time I see medical equipment in a hospital, it has a German or Japanese brand name on it. Permit me to doubt the device you are using to post was made in America.

 

The USA also has a plethora of natural disasters - bushfires, hurricanes and tornadoes. That will get worse with Trump environmental policies.

 

Tell me, who is going to pick your crops after Trump has deported all the illegals?

[Cryingdick]

3 minutes ago, HappyExpat57 said:

The topic is tariffs. Try to keep up.

You just dont get it. I laid out a reasonable debate. The boarders of the USA are already safer, because of the threats of tariffs you, ignorant, bla bla bla.

[Cryingdick]

Just now, Lacessit said:

Every time I see medical equipment in a hospital, it has a German or Japanese brand name on it. Permit me to doubt the device you are using to post was made in America.

 

The USA also has a plethora of natural disasters - bushfires, hurricanes and tornadoes. That will get worse with Trump environmental policies.

 

Tell me, who is going to pick your crops after Trump has deported all the illegals?

 

The tariff battles are already over.

[Lacessit]

1 hour ago, Cryingdick said:

It is basically already sorted with Canada and Mexico. You can find your own link but yeah they already talked. KT called with in two hours and all Claudia has to do is block their southern border. China is different but mexico and canada was that easy. More proof that the Biden admin didn't ever do it's job.

Already sorted? I suggest you keep up.

 

https://www.thenewdaily.com.au/news/world/us-news/trump-news/2024/11/27/mexico-trade-tariff-response

[Woke to Sounds of Horking]

34 minutes ago, JonnyF said:

If only I could say the same of our lying UK government. 

Well, you could be being lied to by the lying Canadian government.

[Cryingdick]

4 minutes ago, Lacessit said:

Already sorted? I suggest you keep up.

 

https://www.thenewdaily.com.au/news/world/us-news/trump-news/2024/11/27/mexico-trade-tariff-response

Wait until Trump is actually in. This is really no problem. I am not sure why you want to make mountains of mole hills?

 

[Woke to Sounds of Horking]

As for Canada, Trudy and The Libs probably don't care anyway. They've been doing a great job at butchering the Canadian economy as it is.

[KhunLA]

49 minutes ago, JimHuaHin said:

I would like to know from which university you received your advanced economics degree.

Uni of Common Sense

 

Why do you think auto makers from JP have factories in the USA ?  Take your time, don't hurt yourself 

[HappyExpat57]

12 minutes ago, Cryingdick said:

You just dont get it. I laid out a reasonable debate. The boarders of the USA are already safer, because of the threats of tariffs you, ignorant, bla bla bla.

No, you replied about border issues. Last time, the topic is tariffs.

[Lacessit]

1 minute ago, Cryingdick said:

 

Wait until Trump is actually in. This is really no problem. I am not sure why you want to make mountains of mole hills?

 

I'm not sure why you want to live in denial of basic economic policy.

 

History shows any country who puts tariffs on imported goods and services pays for it with increased internal costs, and retaliatory measures. There's no such thing as a free lunch.

[JonnyF]

4 minutes ago, Lacessit said:

History shows any country who puts tariffs on imported goods and services pays for it with increased internal costs, and retaliatory measures.

 

Thailand is still pretty cheap to live in. 

[Chomper Higgot]

1 hour ago, dinsdale said:

Trump wants to stop illegal immigration, human trafficking and drugs and weapons flooding in. He's going to use an economic stick to assist in this. The majority of the American voting public voted for action on the aforementioned issues and Trump will deliver on what he said he'd do. 

Like he didn’t last time.

[Chomper Higgot]

3 minutes ago, JonnyF said:

 

Thailand is still pretty cheap to live in. 

Not for millions of Thai people it isn’t.

[Chomper Higgot]

Trumps rubes have yet to learn who it is that pays tariffs.

[Cryingdick]

9 minutes ago, Lacessit said:

I'm not sure why you want to live in denial of basic economic policy.

 

History shows any country who puts tariffs on imported goods and services pays for it with increased internal costs, and retaliatory measures. There's no such thing as a free lunch.

There wont be tariffs Mexico and Canada are already at the table. Get it?