25% duties on imports from China, Mexico and Canada Trump announced

On the first day of taking office, the elected president of the United States, wants to impose high import duties on all goods from Mexico and Canada, as well as additional duties on goods from China. This will be one of his first executive decrees on January 20, Donald Trump explained on the social networking platform Truth Social. The customs duties of 25 % are to apply to goods from Mexico and Canada. The president-elect of the United States justified it with immigrants who bring crime and drugs through these two borders to the US. Until this is stopped, customs duties should remain in force. Existing customs duties on goods from China are to be increased by an additional 10%. Trump also justified it by the fact that drugs such as lethal fentanyl enter the US from that country. Although China had announced that it would take action against this phenomenon, it had not done so. After the announcement, the Chinese embassy in Washington warned of a trade war between the world’s two largest economies. “No one will win a commercial or tariff war,” said on Monday 25 November 2024, Liu Pengyu, a representative of the Chinese embassy in Washington. “China believes economic and commercial cooperation between China and the US is inherently beneficial for both sides”.