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Putting tariffs on Canada, Mexico and China, Trump said that our threat is not just for bargaining.
US President Donald Trump announced 25% on Canada and Mexico on 1 February and Extra 10 tariffs on China. However, he did not name India during this period. Earlier, he threatened to impose high tariffs on countries like India, China and Brazil at an event in Florida on Tuesday.
Trump has several times threatened to impose 100% tariffs on BRICS countries. India, Brazil and China are part of all three BRICS. Apart from this, Trump has complained to India about putting a lot of tariffs on American products. In such a situation, there was a threat of tariff on India.
The Indian Express quoted the Research and Information System (RIS) as saying that the US from China, Mexico and Canada faces the most trade deficit. The US loses 30.2% from China, 19% from Mexico and 14% from Canada. These three countries are responsible for about 1 trillion dollar trade deficit in the United States.
Whereas India holds only 3.2% stake in America’s trade deficit. India is number 9 in the list of countries from which America has the highest trade deficit.
Donald Trump, while putting tariffs on Canada, Mexico and China from 1 February, said that our threats are not just for bargaining. We have a major trading deficit with these three countries.
Canada also imposed 25% tariff on US
Taking action against Trump’s decision, Canada has also imposed 25% tariff on the US import on Saturday. Canadian Prime Minister Justin Trudeau said that new tariffs would be implemented on Tuesday on the import of US liquor and fruits of $ 30 billion, while tariffs will be implemented later on imports of $ 125. American tariffs on imports from Canada have also been implemented since Tuesday.
Mexico also announced retaliation
Mexico President Claudia Shinbam said that he has instructed his economy minister to implement counter -duty and other measures. He dismissed Trump’s allegations of being associated with criminal organizations on Mexico and said-
The solution of problems is not done by applying tariffs, but with cooperation.
White House said- Illegal drugs are coming from these countries in US
Earlier on Friday, White House spokesman Caroline Lewitt said that Donald Trump will impose 25% tariffs on Canada and Mexico from Saturday and 10% on Chinese goods, because these countries are reaching illegal fentinel drugs in our country, causing millions to millions American is killed.
Phentineile is a powerful synthetic opioid. Its overdose reduces the supply of oxygen in the brain. This can lead a person to go into a coma, or he can also die.
US Free Trade Agreement with Canada and Mexico
Significantly, America has a free trade agreement with Canada and Mexico. Under this, there is no tariff (duty) on any kind of import-export between these countries. Trump performed North America Free Trade Agreement (NAFTA) with Mexico and Canada in his previous term.
In 2023, these three countries bought goods worth more than $ 1 trillion (about 85 lakh crore rupees) from the US in 2023. At the same time, it was sold for more than $ 1.5 trillion. According to the report, Trump’s tariff war will have the biggest impact on auto sector, agriculture, technology, parts and parts. The price of these things will increase after the tariff is imposed.
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