Trump confirms the imposition of tariffs on Mexico and Canada

Washington. The president of the United States, Donald Trump, confirmed on Thursday that 25 percent tariff Imports

We could do it or notTrump said in response to a question during a evening conference in the Oval Office of the White House. We are probably going to make that decision tonight. To the closing of the edition, the American president had not spoken on this issue.

The question of exempting tariff oil is relevant. The T-MEC partners provide more than 71 percent of the imports of crude oil from the United States, and about 60 percent only Canada, revealed a report published last week by the Congress Research Service, in which they analyze The impacts of the measures that Trump intends to impose.

Last October, the United States imported almost 4.6 million barrels of daily oil from Canada and 563 thousand barrels of Mexico, according to the administration of energy information. The production of the world’s largest economy during that month averaged 13.5 million barrels per day.

We will announce the tariffs to Canada and Mexico for several reasons. The first is the people who have arrived in our country so horrible and in large quantities. The second is the fentanyl and everything else that has reached the country. And the third are the mass subsidies we are giving to Canada and Mexico in the form of deficitsTrump said in the afternoon.

The president added that his government will apply the 25 percent tariff to Canada and, separately, 25 percent to Mexico. We will really have to do it because we have very large deficits with those countries. Those tariffs may or may not increase with time.

He pointed out that his decision on rates to crude will be based on whether the price of oil charged by the two commercial partners is fair, although the basis of their threats is related to stopping undocumented immigration and smuggling of the chemical substances used for fentanyl .

We will probably make that decision tonight. It depends on the price, if the oil has an adequate price … Mexico and Canada have never been good with us in commercial matters. They have treated us very unfairly in commercial matters. And we can compensate that very quickly, because we do not need the products they havehe said.

The US President said that under the current rules his country subsidizes Canada with 175 billion a year and Mexico with 250 billion to 300 billion a year, although he did not give more details of how this transfer occurs. According to Trump, The subsidy To Mexico It is a method for China to send its product. Regarding China, I’m also thinking about something.

The costs associated with tariffs could move to consumers in the form of higher prices in gasoline, an issue that the tycoon put in the center of his presidential campaign, by promising to reduce energy costs by half in a year.

Trump’s return to the White House on January 20 has unleashed fears of reactivating global trade wars that marked his first term of 2017 to 2021. The Republican has also wielded tariffs to support other political threats.