The Bodcast host Josh Holmes weighs after President Donald Trump moved to social media to explain his plan to implement the definitions and discusses Elon Musk’s statements during the first cabinet meeting.
President Donald Trump said on Thursday that he proposed 25 % Definitions on Mexico and Canada It remains on the right path to enter into force next week because medicines are still flowing in the United States from all over their borders at “very high and unacceptable levels.”
The customs tariff for Mexican and Canadian goods will enter into force on March 4, with a 10 % decrease in Canadian energy products such as oil and electricity.
On that date, Trump said he would also impose an additional 10 % tariff on China, as he claimed a large percentage of Illegal drugsIncluding fentanel, which enters the United States made and supplied.
“We cannot allow this scourge to continue to harm the United States of America, and therefore, until it stops, or is seriously limited, the proposed definitions that are scheduled to enter into force on the fourth of March, in fact, will enter into force, as scheduled,” Trump said in a position on the social media site. “China will reciprocate, on charges of an additional 10 % tariff on that date.”
What are the definitions, how do they work and those who pay them?
Trump has already increased tariffs on China’s goods by 10 % on the plane on February 4. (Anna Moneymaker / Getty Images / Getty Images)
Trump also said that “mutual definitions” on April 2, which are suitable for importing fees in other countries, “will remain in effect and their impact.”
What happens with Trump’s tariff for China, Canada and Mexico?
The trucks pass over the blue water bridge when crossing the border with the United States in Sarina, Ontario. (Geoff Robins / AFP via Getty Images, File / Getty Images)
Trump has already increased tariffs on China’s goods by 10 % on board. These definitions entered on February 4, and The Chinese government announced the retaliatory definitions In some US energy exports and took other punitive measures, including Google’s anti -monopoly probe and restrictions on rare ground mineral exports.
The Financial Director of Investments at Prime Capital Whale McGov is discussing President Donald Trump’s tariff, influencing the markets and Dog’s reduction in the federal workforce.
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The implementation of these definitions leaves the possibility of this American consumers You may face higher prices for some products if you finally enter.
Eric Rafeel in Fox Business contributed to this report.
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