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After his historic victory in the presidential election, Donald Trump has announced to impose heavy tariffs on goods coming from China, Canada and Mexico. Trump said that as soon as he comes to power, he will impose 10% tariff on China and 25% tariff on Canada and Mexico. The objective is to stop drugs and crime.

Vikrant Shekhawat : Nov 26, 2024, 09:45 AM
Donald Trump News: Donald Trump, who has created a stir in American politics, has made another big announcement after his historic victory in the presidential election. Trump has announced that heavy tariffs will be imposed on goods imported from China, Canada and Mexico. This move can create new equations in global trade and generate a deep reaction in international markets.

Plan to impose tariffs

Donald Trump clarified on his social media platform Truth Social that he will sign it soon after taking power on January 20. According to his plan:

10% tariff on goods coming from China: Trump says the move is to correct the trade imbalance related to China.

25% tariff on imports from Canada and Mexico: Trump claims that this is part of preventing crime and drugs across the border.

Tough stand against border security and drugs

Trump has made serious allegations against Canada and Mexico regarding the increasing crime and drug problem across the border. He said that a large amount of drugs and crime are entering the US through Mexico and Canada. He believes that increasing tariffs will curb these activities.

Trump also targeted China, saying that he had talked to Chinese officials several times to stop the trade of drugs, but no concrete action was taken. He described deadly drugs like fentanyl coming from China as a big threat.

Promise to cut energy and electricity prices

Trump had promised to reduce energy and electricity prices during the election campaign. He had said that under his plan, the US would halve electricity prices and double energy production in the next 12 months.

Possible impact on global trade

This announcement can have a profound impact on international trade.

China: Trade tensions with China are already high. Imposing additional tariffs can further sour relations between the two countries.

Canada and Mexico: Imposing high tariffs on America's close neighbors can affect trade agreements and increase the prices of products imported from these countries.

American market: These tariffs will also have a direct impact on American consumers, as imported goods can become expensive.

Trump's policies: risk or opportunity?

This move by Donald Trump is part of his "America First" approach. However, it will be interesting to see whether these policies will have economic benefits or will further increase global tensions.

These announcements by Trump have made it clear that his tenure will witness major political and economic upheavals not only within the US but also globally. Now it remains to be seen how effective these policies prove to be and what impact they have on the world.