President Donald Trump signed an order on Saturday to impose tariffs on Mexico, Canada and China, raising the prospect of a price increase in his country. “It is not with the imposition of tariffs as problems solve,” the Mexican president reacted.
United States President Donald Trump decreed on Saturday Increase in current tariffsof 25 % to the products from Mexico and Canada, and 10 % to the imports of China.
The measure will enter into force on Tuesday and, according to the White House, it seeks to deal with a national emergency for fentanyl and the entry of irregular foreigners.
Energy products from Canada will only have a 10 % tariff, but Mexican energy imports will have to pay 25 % complete, white house officials said to journalists.
Thus, Trump complies with a campaign promise, but raises the perspective of a price increase for US consumers.
The White House indicated that Trump's order also includes a mechanism to increase tariffs if countries retaliate against the United States, as they have threatened.
Trump points out that tariffs are aimed .
The newly assumed president set as the deadline of February 1, in order to pressure its commercial partners to take energetic measures to stop the flow of fentanyl and chemical precursors from China through Mexico and Canada, as well as curb illegal immigration to the United States.
Mexican President Claudia Sheinbaum said through her X account that “it is not with the imposition of tariff of migration;
“I instruct the Secretary of Economy to implement the plan B that we have been working on, which includes tariff and non -tariff measures in defense of Mexico's interests,” he added.
In less than two weeks of his second term, Trump is changing the United States government and interaction rules with his neighbors and the rest of the world.
Trump had committed himself on Friday to move forward with taxes despite recognizing that they could cause disorders and difficulties to US homes.
A model of the EY chief economist, Greg Daco, who evaluates the economic impact of the Trump tariff plan suggests that it would reduce the growth of the United States 1.5 percentage points this year, would lead Canada and Mexico to the recession and initiate a “stanflation “In the country.
“We have stressed that a strong rise in tariffs against United States business partners could create a staging shock -a negative economic blow with an inflationist impulse -while triggering the volatility of financial markets,” Daco wrote on Saturday.
The volatility was evident on Friday, when the Mexican peso and the Canadian dollar collapsed after Trump promised to fulfill their threats.
The prices of US actions also fell and the yields of the treasure bonds rose.
(With information from Reuters and AP)