Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen's correspondent: Iranian air defenses intercept Israeli drones in Tehran's skies
Al Mayadeen's correspondent: Explosions heard in the capital, Tehran
Iran's IRGC statement No. 8: The Aerospace Force targeted the Mossad terrorist operations planning center in Tel Aviv, and this center is currently up in flames
Iran's IRGC statement No. 8: The Aerospace Force targeted an Israeli Military Intelligence Directorate (Aman) center this morning
Israeli media: Sirens sound in northern Golan Heights amid fears of drone infiltration
Iran's IRGC statement No. 6: The technologies and capabilities used in this operation enabled it to successfully and accurately hit its targets in the entity
Iran's IRGC statement No. 6: We launched a new wave of missile attacks moments ago, stronger and more destructive than previous launches
Spain's FM: I see no sogn of de-escalation between 'Israel' and Iran
Spain's Foreign Minister: EU must impose an arms embargo on 'Israel' as long as this war lasts
Israeli media: The facility is used for all logistical activities of the Israeli military intelligence division

Trump vows 25% tariffs on Mexico, Canada and deeper tariffs on China

  • By Al Mayadeen English
  • Source: Agencies
  • 26 Nov 2024 19:03
4 Min Read

The US imports a significant portion of its goods from Canada and Mexico, raising concerns among construction economists about the potential impact of tariffs on material prices.

Listen
  • x
  • President-elect Donald Trump gestures after speaking during an America First Policy Institute gala at his Mar-a-Lago estate, November 14, 2024, in Palm Beach, Fla. (AP)
    President-elect Donald Trump gestures after speaking during an America First Policy Institute gala at his Mar-a-Lago estate, November 14, 2024, in Palm Beach, Florida. (AP)

Donald Trump has announced plans to sign an executive order imposing a 25% tariff on all goods imported from Mexico and Canada if he is re-elected president. He also intends to impose additional tariffs on China, claiming their exports to the US will be targeted until China (alongside Mexico) addresses issues such as fentanyl trafficking and illegal immigration.

Trump said in a post on his Truth Social platform, “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 said the tariffs would remain in place until the two countries clamp down on drugs, particularly fentanyl, and migrants crossing the border illegally.

He announced in a follow-up post that the US "will be charging China an additional 10% Tariff, above any additional Tariffs, on all of their many products coming into the United States of America." 

He attributed the additional tariffs on China to its alleged failure to reduce the flow of drugs, particularly fentanyl, into the US, China is a key supplier of precursor chemicals used by drug cartels, including those in Mexico, to produce fentanyl, a dangerous synthetic opioid that has contributed to the opioid crisis in the United States.

“I have had many talks with China about the massive amounts of drugs, in particular, Fentanyl, being sent into the United States – But to no avail … Until such time as they stop, we will be charging China an additional 10% Tariff, above any additional Tariffs, on all of their many products coming into the United States of America,” he said.

'No one wins the trade war' 

Related News

More US lawmakers push to block unauthorized war on Iran

Trump says G7 exit denotes something 'much bigger' than Iran ceasefire

In response to Trump's threats, China warned that a trade war would result in no winners. Liu Pengyu, a spokesperson for the Chinese embassy, emphasized that China had already taken steps to address drug trafficking following a 2023 agreement between President Biden and President Xi Jinping.

In a statement, he said, “The Chinese side has notified the US side of the progress made in US-related law enforcement operations against narcotics,” adding, “All these prove that the idea of China knowingly allowing fentanyl precursors to flow into the United States runs completely counter to facts and reality.”

Canada’s Deputy Prime Minister Chrystia Freeland reiterated Canada’s commitment to securing its border with the US. In parallel, US President Donald Trump and Canadian Prime Minister Justin Trudeau held a phone conversation about trade and border security, as reported by a Canadian source to Reuters.

Freeland’s statement did not specifically address the proposed tariffs but underscored the continued cooperation between Canadian and US agencies, such as the Canada Border Services Agency, the US Drug Enforcement Administration, and US Customs and Border Protection. She highlighted their ongoing efforts to tackle the flow of fentanyl, which is trafficked from China and other sources.

Read next: China calls for lifting of US tariffs in 'rational' trade talks

Bill Ackman, the chief executive of the New York-based hedge fund Pershing Square Capital Management, said on X, “Donald Trump is going to use tariffs as a weapon to achieve economic and political outcomes which are in the best interest of America, fulfilling his America first policy. This is a great way for Trump to effect foreign policy changes even before he takes office.”

Trump's comments led to significant market reactions: the US dollar reached its highest level since July against China's yuan, rose nearly 2% against the Mexican peso, and hit a four-and-a-half-year high against the Canadian dollar. Asian stock markets and European shares also saw declines in early trading, reflecting investor concerns over the potential economic impact of the proposed tariffs.

Countries often retaliate against tariffs by imposing their own, potentially sparking trade wars. This occurred during Trump’s first presidency when US-China tariffs disrupted economies on both sides, raising costs for businesses and consumers.

“A tariff is basically a sales tax, raising the price of almost everything you buy. It’s also regressive – taking a higher percentage out of the paychecks of working people than out of the wealthy,” Robert Reich, a former US secretary of labor, posted on social media.

  • Donald Trump
  • United States
  • Mexico
  • Canada
  • China

Most Read

Iranian missiles impact Israeli sites in Tel Aviv in 2nd wave

Iran's missiles impact 'strategic' Israeli site in Tel Aviv

  • Politics
  • 14 Jun 2025
Bin Salman: Islamic world backs Iran in call to Pezeshkian

MBS says Islamic world backs Iran in call with Pezeshkian

  • MENA
  • 15 Jun 2025
Iran launches 9th wave of Op. True Promise 3, destroys IOF air defense

Iran launches 9th wave of Op. True Promise 3, destroys IOF air defense

  • MENA
  • Today
Smoke rises after an Iranian ballistic missile directly struck Tel Aviv, Occupied Palestine, June 13, 2025 (AP)

Op. True Promise 3: Iran's ballistic missiles strike Tel Aviv

  • MENA
  • 13 Jun 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
In this photo released by the Iranian Red Crescent Society rescuers work at the scene of an explosion after an Israeli strike in Tehran, Iran, Friday, June 13, 2025. (Iranian Red Crescent Society via AP)
Politics

‘Israel’ targets civilians in Tehran; most victims are kids

France's President Emmanuel Macron arrives during the official welcome of the G7 Summit, Monday, June 16, 2025, in Kananaskis, Canada. (AP)
Politics

Macron warns West regime change in Iran would be 'strategic error'

Trump hints at escalation: G7 exit ‘much bigger’ than Iran ceasefire
Politics

Trump says G7 exit denotes something 'much bigger' than Iran ceasefire

A group photo of the G7 Summit, Monday, June 16, 2025, in Kananaskis, Canada (AP Photo/Mark Schiefelbein)
MENA

G7 sides with aggressor, says 'Israel' has 'right to defend itself'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS