President Trump will implement tariffs on Canada and Mexico starting March 4 to address drug trafficking issues, particularly fentanyl. Goods from Canada and Mexico will incur a 25 percent tariff, while Chinese imports will face an additional 10 percent. The tariffs aim to combat illegal immigration and drug smuggling from these nations.
US President Donald Trump has confirmed that new tariff plans on imports from Canada, Mexico, and China will commence on March 4. These tariffs, initially set for February, were postponed for one month. Trump cited concerns about the influx of drugs from Canada and Mexico, asserting that the tariffs will continue until drug trafficking is significantly reduced.
The tariffs on Canadian and Mexican goods will be set at 25 percent. This measure aims to compel these countries to tackle illegal immigration and the smuggling of fentanyl, a potent opioid, as stated in a report by AP. Additionally, goods imported from China will incur a 10 percent tariff on top of the existing 25 percent tariff.
In a post on Truth Social, Trump emphasized the serious impact of drug trafficking, noting that over 100,000 deaths occurred last year due to related issues. He addressed the devastating effects on families afflicted by this crisis, reiterating that tariffs will remain effective until a notable reduction in drug flow is observed. Trump also affirmed the continuation of reciprocal tariffs that were scheduled for April 2.
In summary, President Trump has enacted a new series of tariffs on imports from Canada, Mexico, and China, set to begin on March 4. This decision is driven by concerns regarding drug trafficking and aims to leverage these tariffs to influence neighboring countries’ policies. The tariffs on Canadian and Mexican goods will reach 25 percent, while an additional 10 percent will apply to Chinese imports, signaling a robust strategy to combat the drug crisis affecting the United States.
Original Source: www.hindustantimes.com
