Donald Trump announced Monday that he would increase customs taxes on Mexican and Canadian products to 25%, citing immigration and drug trafficking. The future American president also mentioned a 10% increase in taxes for products arriving from China.
“On January 20, as one of my many first executive orders, I will sign all necessary documents to impose 25% tariffs on ALL products entering the United States on Mexico and Canada,” wrote Donald Trump in a publication on his Truth Social network.
“These taxes will remain in effect until drugs, especially fentanyl, and all illegal immigrants stop this invasion of our country!” he added.
China also in the viewfinder
In a separate post, the president-elect announces an increase in customs taxes of 10%, which is added to those already existing and to those additional that he could decide, on “all the numerous products arriving from China to the United States “.
The Republican explains that he has often raised the problem of the influx of drugs, in particular fentanyl, one of the main culprits of the opioid crisis in the United States, with Chinese officials who promised to punish him severely, “until the death penalty”, the “traffickers”. “But they never got to the end of things,” he regrets.
Presidential powers over customs duties
The increase in customs duties, which he often described as his “favorite expression” during his campaign, is one of the keys to the future economic policy of the president-elect, who is not afraid of relaunching trade wars, notably with China, started during his first mandate.
Concerning China, he promised customs duties of up to 60% for certain products, or even 200% on vehicle imports from Mexico.
American laws give the president the necessary tools to implement customs duties by decree, as Donald Trump was able to do several times during his first term, on Chinese and European steel and aluminum for example.
afp/miro
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