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Home»World»Trump to hit Canada, Mexico and China with tariffs on Saturday, White House says
World

Trump to hit Canada, Mexico and China with tariffs on Saturday, White House says

February 1, 2025No Comments2 Mins Read
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Canadian Prime Minister Justin Truda said on Friday: “This is not what we want, but when it moves forward, we will also act.”

Canada and Mexico have already stated that they will respond to tariffs in the US with their own measures, as well as seek to assure Washington that they are taking measures to solve problems about their US borders.

BBC appealed to the Chinese Embassy in the US for comment.

When the import of oil to the US from Canada and Mexico falls into flights, it risks to undermine Trump’s promise to reduce the cost of living.

Tariffs are the import tax on goods produced abroad.

Theoretically, the taxation of subjects that enter the country means that people buy them less because they become more expensive.

The intention is to buy cheaper local products – raising the country’s economy.

But the cost of tariffs for imported energy can be transferred to the enterprise and consumers, which can increase the prices for everything from gasoline to products.

About 40% of raw materials, which pass through the US refineries, are imported, and the vast majority of them come from Canada.

On Friday, Trump agreed with the tariff costs that are sometimes transmitted to consumers and that his plans could cause a short -term violation.

Mark Karnya, former head of the Central Bank of Canada and England, said BBC News Night on Friday that economic growth tariffs would increase.

“They will harm the US reputation around the world,” said Carney, who also works to replace Prime Minister Trudo as leader of Canada’s liberal party.



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