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Trump plans to implement 25% tariffs on Mexico and Canada in February

2025-01-22T12:20:50+00:00
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Trump Plans to Implement Tariffs on Mexico and Canada/Photo: Shutterstock
  • Trump Plans to Implement Tariffs.
  • Reveals Date of Implementation.
  • Regional and Global Economy.

President Donald Trump has confirmed his plans to implement a 25% tariff starting February 1st.

These tariffs are directed towards Mexico and Canada.

This measure was announced from the White House during his first day as president.

And is part of his strategy to address what he perceives as significant problems in the trade and security relationship with these neighboring countries.

Trump Announces New Tariffs He Plans to Implement

Trump plans to implement tariffs, Mexico, Economy, Impact, News
Trump Plans to Implement Tariffs on Mexico and Canada-Photo: Shutterstock

Trump expressed his concern about the flow of people and illegal substances that, according to him, enter the United States from Mexico and Canada.

In his statements, the president emphasized that both nations are allowing the entry of a large number of individuals.

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And, in the case of Canada, he specifically mentioned fentanyl as one of the main concerns.

During the election campaign, Trump had threatened to apply a 25% tariff on products from Mexico and Canada as retaliation for what he considers poor management of migration and drug trafficking.

These countries are key partners of the US in the USMCA trade agreement, which means that these measures have significant implications for the regional and global economy.

Before Trump’s direct comments, Canadian Prime Minister Justin Trudeau had shown some relief to learn that the imposition of tariffs might be delayed, at least for the moment.

Trudeau convened his cabinet in Quebec to discuss strategies aimed at mitigating the potential economic and diplomatic impacts of these measures announced from Washington.

Trump’s announcement has generated various reactions in both the political and economic fields.

With analysts and trade representatives expressing concerns about the adverse effects these tariffs could have on supply chains and costs for end consumers.

Additionally, uncertainty about the future of trilateral trade relations between the United States, Mexico, and Canada has contributed to volatility in international financial markets.

In response to the statements of the US president, Mexican and Canadian officials have expressed their willingness to dialogue.

Especially to resolve differences and prevent an escalation in trade tensions.

However, the implementation of the tariffs remains a real possibility.

Which could significantly change the economic and political landscape in the region in the coming months.

February 1st will mark a crucial point for the relationship between the United States, Mexico, and Canada.

Depending on the final decision of the Trump administration regarding the application of these tariffs, detailed the agency ‘EFE’.

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