WASHINGTON, Nov 26 – United States President-elect Donald Trump announced on Monday that he will impose high import tariffs on all goods from Mexico and Canada, as well as additional tariffs on goods from China once he returns to the White House.
Trump said via the social media platform Truth Social that he would sign an executive order on his first day in office, the German News Agency, dpa, reported.
“On Jan. 20, as one of my first Executive Orders, I will sign all documents necessary to impose a 25 percent tariff on ALL products coming into the United States from Mexico and Canada, and their ridiculous open borders.
“We will impose an additional 10 percent tariff on China, on top of the existing additional tariffs on all their products entering the United States,” Trump said.
During his first term as president, Trump imposed high punitive tariffs on many goods from China.
In the 2024 election campaign, he threatened to impose more tariffs on Chinese products that are expected to have a major impact on world trade.
Meanwhile, dpa Washington reported that China responded to Trump’s announcement, stating that neither side will win in a trade war.
“There are no winners in a tariff war or a trade war. The world will not benefit from it either,” said Chinese Embassy spokesperson Liu Pengyu on the X social media platform.
Liu said that China is ready to cooperate with all parties to uphold multilateralism, build an open world economy, support sustainable development, achieve shared prosperity and build a community with a shared future for humanity.
In a related development, Canada also asserted its importance to the United States, shortly after Trump announced that he would impose high import tariffs on all goods from the neighboring country.
“Canada and the United States have a very strong and close relationship, especially when it comes to trade and border security.
“Canada places the highest priority on border security and border integrity,” said Deputy Prime Minister Chrystia Freeland and Canadian Public Safety Minister Dominic LeBlanc in a joint statement.
The ministers emphasized the “balanced and mutually beneficial” relationship between the two neighbors, noting that Canada plays an important role in US domestic energy supplies, and that last year, 60 percent of US crude oil imports came from Canada.
“We will certainly continue to discuss these issues with the incoming administration,” the statement said without specifically mentioning Trump’s announcement made a few hours earlier. – BERNAMA-dpa