Trump accelerates tariffs on North America and China
President Donald Trump announced on Thursday on the Truth Social platform that American tariffs on imports from Mexico and Canada will come into effect on March 4th. Although the tariffs had been imposed some time ago, Trump agreed to delay their implementation by a month.
On the Truth Social platform, Donald Trump announced that 25% tariffs on goods imported from Mexico and Canada will take effect on Tuesday, March 4th. This is a significant change from earlier announcements, which indicated that the tariffs would be effective only on 2nd April.
Changes in trade with China
Simultaneously with the tariffs on goods from North America, an additional 10% tariff will be implemented on products imported from China. This decision will also take effect on March 4th, which accelerates the original timeline.
Donald Trump's earlier executive orders, issued on February 1st, called for a one-month delay in imposing tariffs on imports from the United States' northern neighbours. As recently as Wednesday, Trump stated that these regulations would begin on April 2nd.
Possible further tariffs
Trump confirmed that the date of 2 April remains in place for the introduction of so-called reciprocal tariffs. They will implement the day after his administration completes the appropriate analyses.
The matter remains ongoing, and details concerning reciprocal tariffs are still being examined. The Trump administration is also considering incorporating value-added taxes into its tariff policy.
Trump targets the EU
On Wednesday, Donald Trump announced that the USA would impose 25% tariffs on cars and other goods imported from the European Union. Previously, Trump also announced new EU tariffs on steel and aluminium. While signing the documents, Trump described the move as a significant step toward restoring America's wealth. He further stated that it would lead to the opening of many businesses across the United States.
According to the President of the USA, the European Union was created to cheat the United States.
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