When it appeared that Donald Trump had won the November 2016 US presidential election, the Mexican peso fell sharply by more than 12% against the dollar. Eight years later, the Mexican currency fell, but only by 1.6% in the wake of the victorious candidate's customs threats.
On his social network Truth Social, the president-elect, who believes that customs duty is the most beautiful word in the dictionary, threatened, Monday, November 25, to impose a 25% levy on all Mexican – and also Canadian – imports. on the first day of his term in the White House. The news is shaking, but it does not constitute the earthquake of 2016. Because the planet has become accustomed to Donald Trump's announcements. Because they are not necessarily followed by the devastating effects announced.
The method, however, was surprising. It consists of establishing an immediate balance of power with Mexico and Canada, while the future president has, in theory, no power before taking office on January 20, 2025. The pretext for these sanctions is the trafficking of fentanyl, a synthetic drug that is wreaking havoc in the United States. “On January 20, as one of my many first executive orders, I will sign all the necessary documents to impose a 25% tariff on ALL goods on Mexico and Canada, with their ridiculous open border policies. products entering the United States. This tariff will remain in effect until drugs, especially Fentanyl, and all illegal aliens stop this invasion of our country! Mexico and Canada have the absolute right and power to easily resolve this long-simmering problem,” accuse Donald Trump.
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The second country targeted is China, accused of manufacturing the basic molecules used in the manufacture of said drugs. “Chinese officials told me they would impose the maximum penalty of death on any drug trafficker caught trying to’[expédier du fentanyl aux Etats-Unis]but unfortunately they never followed through and drugs are flowing into our country, mainly through Mexico, at levels never seen before. Until they stop, we will impose an additional 10% tariff on China on all of its many products entering the United States.”writes the president-elect in another post.
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