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DECEMBER 2024

Trump Vows To Raise Sweeping New Tariffs On China, Canada And Mexico

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Trump Vows To Raise Sweeping New Tariffs On China, Canada And Mexico

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Written by Ahmed Adel, Cairo-based geopolitics and political economy researcher

US President-elect Donald Trump has promised to raise tariffs on Chinese exports by 10% until the problem of drug trafficking is resolved while also threatening to impose a 25% tariff on products from Mexico and Canada until the migration crisis is addressed. However, his tariffs are not only targeted at the US’ neighbors and China but also Europe, which will only hurt an already struggling Germany.

“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,” Trump said on his Truth Social network.

The former president also stated that Chinese officials have never kept their promise to combat drug trafficking, which enters the US, mainly through Mexico, “at levels never seen before.”

Trump also promised tariffs on Mexico and Canada over drug trafficking and illegal immigration.

“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,” the billionaire said. “This Tariff will remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country! Both Mexico and Canada have the absolute right and power to easily solve this long-simmering problem.”

The president-elect accused thousands of people of crossing illegally into the US through its northern and southern neighbors, “bringing Crime and Drugs at levels never seen before.”

One of the Republican’s signature promises during his presidential campaign was to combat illegal immigration to the US. In this regard, he offered to undertake a mass deportation as soon as he returns to the White House.

On November 4, during a rally in North Carolina, Trump threatened to impose a 25% tariff on Mexican products if the government of President Claudia Sheinbaum does not prevent the entry of migrants and drugs into the US across the shared border.

In response, Economy Secretary Marcelo Ebrard said on November 12 that Mexico could respond with tariffs against the US if the Trump administration decides to take such a measure against the Latin American country.

“If you apply a 25% tariff to me, I have to react with tariffs, and I am your main importer, along with Canada,” he declared on Radio Fórmula.

According to him, this decision would have several repercussions for the US, including inflation.

However, not only the US’s neighbors, Canada and Mexico, and longtime trade adversary, China, are facing Trump’s wrath, but also Germany, the European Union’s most important but beleaguered economy. Germany is experiencing the biggest decline in growth of any developed country, the Financial Times reported, and this situation could worsen as economists warn of the serious vulnerability of the German economy to Trump’s new tariff plans.

The German economy will grow by just 0.6% in 2025, down from the 1.2% forecast for mid-year, the paper reports, citing data from the Consensus Economics survey. Germany’s real GDP has been stagnant since the second half of 2021, and the decline in industrial production – which remains 10% below its pre-COVID-19 level in December 2019 – has never stopped.

The German economy, which has relied on a strong export-oriented industrial sector for many decades, especially in the US, is in a particularly precarious position after Trump, who had promised to impose higher tariffs on European goods, won the presidential election. The extent to which German manufacturers are dependent on the US market is illustrated by the fact that the US accounted for 10% of German exports in 2023 – the highest figure in more than two decades – and Germany’s trade surplus with the US in 2023 reached a record €63.3 billion.

However, economists warn that Germany could suffer the consequences even before the introduction of a tariff as companies will stop investing in their country due to persistent uncertainty. In fact, they warn that the largest ones could relocate even more of their production to the US.

But it is not just German exports that will suffer. Life will become more difficult for local companies, even in their home market. For example, Chinese manufacturers will divert their cut-price products to the EU if US tariffs are even higher than those of their European counterparts, resulting in local producers facing increased competition and margins being squeezed even further.

As seen from Trump’s intentions to impose tariffs, his efforts to ensure that the US continues being the world economic powerhouse against the Chinese challenge do not only target adversaries but even neighboring countries and close NATO allies.

Whether this aggressive policy will lead to inflation, as Marcelo Ebrard predicts, remains to be seen, but what is certain is that partnerships and alliances mean little to the incoming Trump administration.

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Annon

good .cut off their income .they won’t like that. course division is what they flourish on and since they infiltrate globally they know how to create it .they all have the same background globally regardless of their image.

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anon

this is just a rerun of smoot hawley, which led to 15 million unemployed in the 1930s in the united snakes – at a time when the population was only 120 million. it also led to fascism in europe.

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Annon

no when mussolini was coerced by the italian king to restore the vatican’s temporal legal powers, which were removed under napolein ,then fascism was the first creation .then while they had thecwirlds attention distracted wurh hitler as their puppet on a string too , they stole common law from the world

Annon

almost totally and turned the countries of the world into corporations. you need to get the facts straight. since then they made corporate law the global rule enslaving everyone into its legislations .

Last edited 11 days ago by Annon
Annon

it’s very complex and beyond thd scope of people who believe propagnas are reality but bottom line ,they’re goose she os cooked now it’s all over .tgeor plan’s have gone awry and they can’t come back their plan b won’t work .they ll go into denial .

Annon

aka da nile .

Spock

correct, idiots like trump never learn from history. tariffs are like shooting yourself in the foot.

Slavonac

great job, keep on self-isolating us, dig that whole deeper so we never see you again. this time it will affect the west/nato, and the world will soon see what those “western values” really are

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Janne Kankaanpää

western values… make yourself stronger and have double standards to forward your interests (realpolitik).

western values are seen on their responce to genocide in palestine. they sell more arms to israel to enable them kill more babies. then they cry when russia shoots at military target.

Last edited 11 days ago by Janne Kankaanpää
Annon

you’re confusing bidens western values with trumps .and obamas who announced the pope as the authority for rule of law. he wasn’t even catholic so why did he do that ? join the dots .

Annon

the world will soon see freedom from pharoah .if they aren’t secret pharoah worshipping agents of globalism .

Kimberly Cheatle is corrupt

1..mark zuck erberg (face book) 400 000 usd and (goo gle ceo) sund p, 400000 usd they both paid to kim berly cheatle (ex se cret ser vice administator) money and ordered her (not to protect do nald trump)

Kimberly Cheatle is corrupt

.mark zuckerberg (face book) 400 000 usd and (goog le ceo) sund p, 400000 usd they both paid to kim berly cheatle (ex secre t service administator) money and ordered her (not to protect do nald trump)

Kimberly Cheatle is corrupt

2.these left ist milli oners said to kim berly chea tle (we will send our guys to kill don al d trump)

Kimberly Cheatle is corrupt

mark zuckerberg (face book) 400 000 usd and (goog le ceo) sund p, 400000 usd they both paid to kim berly cheatle (ex secre t service administator) money and ordered her (not to protect do nald trump)

2.these left ist milli oners said to kim berly chea tle (we will send our guys to kill don al d trump)

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Kimberly Cheatle is corrupt

3.some of the female secret service members are corrupt, these females gives the all info to trump killers.

if trump do not eleminate these people they will not stop until killing him. there will be 3rd even 4th attemps. isoliaxland 🇺🇸

Kimberly Cheatle is corrupt

1.mark zuckerberg (face book) 400 000 usd and (goog le ceo) sund p, 400000 usd they both paid to kim berly cheatle (ex secre t service administator) money and ordered her (not to protect do nald trump)

2.these left ist milli oners said to kim berly chea tle (we will send our guys to kill don al d trump)

3.some of the female secret service members are corrupt, these females gives the all info to trump killers.

hash
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Kimberly Cheatle is corrupt

if trump do not eleminate these people they will not stop until killing him. there will be 3rd even 4th attemps.

homer simpson

trump may be a moron. china owns amerikunts—more tariffs can only further damage the crumbling burger economy

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