President Trump announced that 25% tariffs on Mexico and Canada will commence on March 4, alongside an additional 10% tariff on China. This decision was linked to ongoing drug trafficking concerns, particularly fentanyl production. The President asserted that actions must be taken until an effective solution to the drug crisis is found, reinforcing previously scheduled tariffs. Responses from the affected nations remain unavailable.
President Donald Trump declared on Thursday that new tariffs will be imposed on Mexico and Canada at a rate of 25%, effective March 4. Additionally, China will face an extra 10% tariff. This announcement follows a month-long pause on tariffs that had been instituted on February 3, which Trump attributed to issues regarding drug trafficking across the borders, particularly concerning fentanyl production from China.
In a post on Truth Social, President Trump accused Canada and Mexico of failing to fulfill their commitments to curb the influx of illicit drugs into the United States. He stated, “Drugs are still pouring into our Country from Mexico and Canada at very high and unacceptable levels. A large percentage of these Drugs, much of them in the form of Fentanyl, are made in, and supplied by, China.”
Trump highlighted the severe consequences of drug trafficking, noting that over 100,000 individuals died last year due to the distribution of these drugs, which he described as “dangerous and highly addictive POISONS.” He emphasized the devastating impact on families and the nation as a whole, declaring the need for immediate action to combat the issue.
The President reiterated that the tariffs would proceed as planned until the drug crisis is significantly addressed. He also confirmed that the previously scheduled Reciprocal Tariff on April 2 would remain unaffected. As of the announcement, responses from Mexico, Canada, and China regarding the newly instated tariffs are still pending.
In conclusion, President Trump’s announcement of new tariffs against Mexico and Canada comes as a response to ongoing drug trafficking issues associated with these countries. The extra charges on China further complicate international trade relations amid an ongoing crisis regarding substance abuse in the United States. The President’s emphasis on the grave consequences of these drugs highlights the urgency in addressing this significant issue, with the tariffs acting as a tool for enforcement until satisfactory measures are implemented.
Original Source: www.timesnownews.com
