Trump exposes tariffs on Mexico and Canada - what does that mean for us?
Trump exposes tariffs on Mexico and Canada - what does that mean for us?
In a surprising turn, US President Donald Trump announced on Thursday that the tariffs on goods from Mexico to be suspended for the near future. This happens against the background of an agreement with Mexico President Claudia Sheinbaum, who spoke of a "good conversation" with Trump. According to a post on the Truth platform, the deletion will apply until April 2 and affects all imports that fall under the North American free trade agreement. Trump justified the step with the desire to fight together against the illegal border crossing of migrants and the drug smuggling of Fentanyl, as the Krone reported.
In February, Trump had already imposed tariffs from 25 percent on Mexican imports and 10 percent on energy import from Canada and has now partially withdrawn this threat. Nevertheless, the situation remains tense. The Canadian government reacted to US imports with counter-tariffs. Economists warn that Trump’s tariffs that have far-reaching economic effects on the trade with Mexico, Canada and China could lead to a higher inflation and loss of workplaces, as the
The international reactions are not long in coming: Canada and China have already announced counter -steps that could continue to burden the trade relationships. While Trump criticizes supposed imbalances in the trade, all affected countries rely on retaliation. The trade conflict already has a negative impact on the European economy, especially in the automotive sector, where many manufacturers rely on inexpensive production in Mexico. An economic report could significantly burden the economy in Mexico, Canada and the USA and even drive into a recession. Trump makes no secret of the fact that with these measures he also wants to put pressure on Mexico in order to advance measures against migration and drug trafficking. The anger attacks on international trade and the impending punitive tariffs on EU goods make fears of a broader trade war raise. In a dramatic call, Trump criticized the EU as "poorly treated" and indicated future customs measures that could further burden transatlantic relationships. trade war and countermeasures
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| Ort | Mexiko, Mexiko |
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