Donald Trump said that he would place 25% of prices on imports from Canada and Mexico and 10% tariffs on goods from China from today.
This decision raises fears of price increases for American consumers, as the American president suggested that he would try to blunt the impact on oil imports.
He threatened the prices to ensure greater cooperation in countries on the cessation of illegal immigration and the smuggling of chemicals used for fentanyl.
And he is also committed to using prices to stimulate interior manufacturing.
Economy analysis and Ed Conway data editor:
Trump has changed the pug to concentrate prices on Mexico and Canada – Why?
“From tomorrow, these prices will be in place,” said the press secretary of the White House Karoline Leavitt Friday to journalists.
“These are promises made and promises run by the president.”
Prices include political and economic risks for Mr. Trump.
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Many voters have supported the Republican on the promise he could reduce inflation, but prices could trigger higher prices and potentially disturb the energy, car, wood and agriculture sectors.
Trump said he was weigning an exemption from imports from Canadian and Mexican oil imports.
“I’m probably going to reduce the price a little about it,” said Trump.
“We think we are going to bring it back to 10%.”
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The United States has imported nearly 4.6 million barrels of oil from Canada daily in October and 563,000 barrels from Mexico, according to the Energy Information Administration.
The daily production of the United States during this month was on average nearly 13.5 million barrels per day.
China reacted aggressively to the prices that Trump imposed on Chinese products during his first mandate, targeting supporters of the president in rural America with reprisals on American agricultural exports.
Canada and Mexico have declared that it has prepared the reprisal price option to be used if necessary.
Canadian Prime Minister Justin Trudeau said on Friday: “We are ready with an answer, an immediate and energetic but reasonable and reasonable response.
“This is not what we want, but if he is advancing, we will also act.”
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Trudeau said the prices would have “disastrous consequences” for the United States, endangering American jobs and increasing prices.
Mexican president Claudia Sheinbaum said on Friday that Mexico had maintained a dialogue with Mr. Trump’s team since he returned to the White House.
But she pointed out that Mexico had an “plan A, plan B, plan C for what the American government decides”.
“Now, it is very important that the Mexican people know that we will always defend the dignity of our people, we will always defend respect for our sovereignty and a dialogue between equals, as we have always said, without subordination,” She added.
Liu Pengyu, spokesperson for the Chinese Embassy in Washington, said the two countries should resolve their differences through dialogue and consultation.
“There is no winner in a trade war or a pricing war, which serves the interests of neither team nor the world,” Liu said in a statement.
“Despite the differences, our two countries share enormous common interests and space for cooperation.”
Trump also talked about a price plan on the European Union without giving specific details.
He told the White House journalists that he would “absolutely” put the rates on the block, adding that “the European Union treated us so terribly”.