Donald Trump has announced that he will impose rates on the European Union – on the eve of the beating of new 25 percent rates on Canada and Mexico and a rate of 10 percent on China.
Trump said on Friday in the White House that he would set 'absolutely' rates for the EU federalmen of the country.
“The European Union has treated us so terribly,” Trump told reporters as he raised new executive orders.
“Do you want the truthful answer or do I have to give you a political answer?” Trump said when he was asked for it – underlying his dedication to the issue.
It was not immediately clear when those rates would go into place.
He made the comments to reporters after the White House had announced the new rates in Mexico, Canada and China, would take effect on Saturday.
It came in a stunning conversation from the Oval Office, where he also said in the coming weeks that the US would take rates on steel, copper, aluminum and computer chips, as well as 'all forms of Medecine and Medicines'.
He indicated that Canadian oil may be taxed at a lower rate, maybe 10 percent.
Rates do not cause inflation. They cause success, “Trump claimed. He allowed 'temporary disruption in the short term'.
He connected the Canada Mexico rates with fentanyl, the synthetic opioid seen as a director of the deadly opioid epidemic -so that they blame for allowing the transfer of drugs with production -proof in China.
'China makes it fentanyl, gives it to Mexico, brings it through Canada, brings it to different places, usually Mexico, but also a lot through Canada. And so all three are not treated so well.
White House Pers Secretary Karoline Leavitt made the Bombshell announcement that Trump was planning to launch a war of $ 1.6 trillion with America's largest trading partners in an attempt to increase domestic production and to increase income for the federal government.
Doug Burgum, who was recently confirmed by the US Senate as secretary of the interior, speaks alongside his wife Kathryn Burgum and US President Donald Trump on the day Trump signs an executive order in the Oval Office in the White House in Washington, USA , January 31, 2025. Reuters/Carlos Barria
“From tomorrow, those rates will be appropriate,” Leavitt said reporters. “These are promises and promises of the president.”
The rates are in danger of increasing the price of everything, from gas to and pick -up trucks and guacamole dip and are an aggressive reaction to the stream of illegal drugs to the United States.
However, Trump is of the opinion that the long -term rates will reform the economy and put dollars back in people's pockets, while also stacking pressure on the neighbors of America to reduce illegal immigration.
China and Mexico are further focused on the inflow of fentanyl that she says it killed tens of millions of Americans. Cartels in Mexico produce and smuggle the synthetic opioid with chemicals imported from unscrupulous Chinese traders.
Canada and Mexico will immediately take revenge on Doug Ford, the Prime Minister of Ontario, although American drink promises to pull out of stage. Canada is the world's number 2 market for the distilled spirits of America behind Europe.
The American deficiency of Mexico's trade in 2019 became in 2023 from $ 106 billion to $ 161 billion because the country has largely replaced China as the source of cheap furniture, textile and computer -related import.
The shortage at Canada has risen from $ 31 billion in 2019 to $ 72 billion in 2023, mainly due to the enormous import of America of Canadian energy.
“From tomorrow, those rates will be in place,” said Karoline Leavitt Secretary of the White House Press
Trump has been complaining for years about the bad deal he believes that the US will receive in his trade with its close neighbors Canada and Mexico to stimulate domestic production, to increase income for the federal government and reduce illegal immigration.
The new administration promised to impose rates on China because of the inflow of Fentanyl who killed tens of millions of Americans.
Cartels in South America produce the synthetic opioid with chemicals imported from unscrupulous Chinese traders.
The rates bear both political and economic risks for Trump, which is only two weeks in his second term.
Many voters supported the Republican about the promise that he could decrease inflation, but the possibility of rates could cause higher prices and possibly disrupt energy, car, wood and agricultural sectors.
According to exclusive polling for DailyMail.com that was performed by JL Partners earlier this month, only 20 percent of voters believe that China has acted fairly when it comes to trade, while 59 percent said this was not done.
As a result, more than half of the voters would support the installation of rates for Beijing, despite broad concerns, the move would increase the prices.
Trump had said he weighed that he had an exemption for the import of Canadian and Mexican oil, but Leavitt said she had no information to share about the president's decision about possible cuts.
The United States imported nearly 4.6 million barrels of oil from Canada and 563,000 barrels from Mexico, according to the Energy Information Administration. The daily production of the US in that month was on average almost 13.5 million barrels per day.
Leavitt declined that the rates could exercise inflation for Americans who have finally seen prices fall and whether Trump would turn them in in that case.
“That is a hypothetical question, and the president is planning to ensure that he effectively implements the rates and lowers inflation and costs for the American people,” she said.
A series of administrations have considered China as the best competitor of the country and an increasing political power. The US has long had friendly commercial relations with both Canada and Mexico, although Trump collided with both countries during his first term about immigration and trade, eventually again negotiating NAFTA.
She spoke hours after Trump said again that the US does not need Canadian exports, such as wood or cars that produce American companies across the border.
Trump said on Thursday that he would meet his advisers to decide whether the rates would apply to oil – which influence products across the board.
“For me, oil will have nothing to do with it,” Trump said when he was questioned about it.
Trump spoke about the rates on Thursday and complained about the stream of migrants and fentanyl
Leavitt covers questions that are concerned about whether the rates would exercise inflation for Americans or provoke a continuous trade war
Trump has repeatedly sat
'We will probably take that determination on oil tonight. Because they send us oil, we will see – it depends on what their price is. '
Trump campaigned on the rates as a way to stimulate American production and to prevent the country from being 'stolen' by other nations.
But according to an analysis of the Peterson Foundation, the rates' would slow down growth and accelerate inflation in all three countries in North America.
'For the duration of the second Trump administration, the American GDP would be about $ 200 billion lower than it would have been without the rates. Canada would lose $ 100 billion from a much smaller economy, and at its peak the rate would lower the size of the Mexican economy by 2 percent compared to the baseline prediction, “the group discovered.
Another analysis, through the Tax Foundation, concluded that the 'rates on Canada and Mexico would only increase taxes by $ 958 billion between 2025 and 2034 on a conventional basis, which amounts to an average tax increase of more than $ 670 per American household in 2025. ''
With China including, that would be an average tax increase of more than $ 830 per American household in 2025. '
The administration rejects the idea that the costs would accompany the rates, and Leavitt said that Trump undertakes to permanently expand his 2017 tax cuts.
On Thursday evening, Trump attributed the rates to transnational challenges that the US and other countries are confronted with: illegal immigration and the flow of illegal drugs.
He said he imposed them for a number of reasons and said that they “can rise or not with time,” indicating that the figures of 25% and 10% can be a floor.
'No. 1 are the people who have collapsed so terribly and so much our country, “he said. 'No. 2 is the drugs fentanyl and everything else that the country has entered, and no. 3 are the massive subsidies that we give to Canada and Mexico in the form of deficits' – in a reference to a trade ethic.
Asked if she could guarantee that the rates will not take inflation, Leavitt pointed to the past, when Trump set the rates on China that remain. 'Americans who are concerned about increased prices have to look at what President Trump did in his first term. He implemented effective rates and the average inflation during the first Trump administration was 1.9%, “she said.
She also wiped the comments of Canadian Prime Minister Justin Trudeau that his country will not assign until the rates have been removed. Trudeau said his country would be ready with a “targeted, powerful, but reasonable immediate response.” He warned that his country could be confronted with 'difficult times' in the coming days and weeks.
“I don't think so. I think the president will implement those rates tomorrow, and in due course he will respond to Mr. Trudeau's reactions, I am sure, “she said, referring to a departing leader Trump is mocked as a” governor “while he Openly discussed Canada as the 51st US state.
In Zoom, Trump said comments to the World Economic Forum last week that Canada was very difficult to deal with '.
'We don't need them to make our cars, and they make a lot of it. We don't need their wood because we have our own forests, et cetera, et cetera. We don't need their oil and gas. We have our – we have more than anyone, “he said.
