United States president-elect Donald Trump, who takes office on January 20, 2025, has pledge to impose tariffs on goods coming from Mexico, Canada and China on the first day of his administration, reports Reuters.
“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,” Trump posted on his Truth Social platform. The move, he said, will be in retaliation for illegal immigration as well as “crime and drugs” coming across the border.
Analysts claim that this new tariff would violate the terms of the US-Mexico-Canada Agreement (USMCA), which was signed into law by Trump in 2020 to continue the largely duty-free trade between the three countries.
The move could potentially be an issue for overseas companies which use Mexico as a low-cost production gateway for the US market. These include automotive companies such as Nissan, Mazda and Toyota, while Chinese brands like BYD and SAIC have expressed plans to set up production plants in Mexico.
Trump also said an additional tariff of 10% above any existing tariffs will be imposed on imports from China until it prevents the flow of illegal drugs into the United States. Previously, Trump said that if he was elected back into office, he would slap a 100% tariff on cars (including electric vehicles) from Chinese brands, even if they are made in Mexico.
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10 percent is surprisingly lenient. MAGA. let’s declare war on drugs.
Doesnt matter if US businesses still underpay and hiring illegals. MAGA should make it illegal to hire illegal workers.
Let him be. It’s his country. For generations, our imported car prices also artificially jacked up because of tariff.
The real losers are the American public.
Tariffs will only hurt Americans as they r overly uncompetitive.The rich will still pay for expensive imports,regardless .The Chinese r flooding South east Asia n Latin America with EVs.China always have Plans B and C.
After sometime,Trump will realise tariffs dont work anymore.
Are you a billionaire like Trump?
Kita pun patut impose tarip 200 peratus tendang keluar lopsided JV
Xpe…jalan sah dah susah…pasni business smuggle barang akan berkembang pesat dia negara uncle Sam.
BTW part electronic kreta brand US sendri buat kat China oleh kompeni China. Dia knekan tarif, kompeni tu
buka kilang kat Malaysia. Bukan part kecik2 anak ye…control module, ECU sumer made in China. Kenapa US x buat sendri?
Last2, rakyat sendri yg susah sbb rege sesetengah brg melonjal naik.
Trump ni bukannya pandai fikir jangka panjang asalkan janji2 MAGA dia boleh mendatangkan undi. Dalam Trade War 2.0 ni, penyokong2 Trump juga yg terima padah bila harga barang2 semua naik. Tapi yg ajaibnya penyokong2 Trump ni tak akan sedar Dear Leader mereka yang banyak susahkan hidup warga Amerika.
Just like PH voters LOL
Well they voted him in.
Malaysia should be proud guess he is learning from Malaysia dealing of cronies and corrupt business kickbacks here and there for decades.
Another no balls….
Talk is loud.
Great stuff. You can accuse him of anything, but at least this guy has spine. Unlike Biden and the Democrats that are just spineless to stand for anything.
EU being betrayed by US. EU thought US put high tariff on Chinese imported products but now only 10% higher while EU are putting high tariff on Chinese EV. It is simple, US know if they impose high tariff on Chinese product on top of current already high tariff, in future China may retaliation and put high tariff on US import as well.
actually to clear the wind, its tariff increase of 10% of existing tariffs for products made in China, so if it is now 100%, it will be 110%. whats new is the inclusion of Canada and Mexico where these china companies have made their factories because of the loophole in tariff application (existing). US is a very big market, the size of Tennessee is larger than whole of Malaysia. Consumerism and capitalism is the main driver for US economy where money moves quite fast.
Baik punya berita bukan macam sini bend over