New US tariffs for imports Canada and Mexico apparently came into force

Trump had previously said in Washington that the punitive measures on goods from Canada and Mexico in the amount of 25 percent would apply from Tuesday.

A North American trade war threatens with uncertain consequences for the global economy. Trump’s announcement left the Break down stock markets. The Republican also ordered the ordered in February Import dumplings to goods from China to 20 percent.

According to the “New York Times”, imports from Canada, Mexico and China made it Together more than 40 percent of all US imports out of.

Trump justifies the tariffs against Mexico and Canada with the fact that the neighboring countries do not adequately against Drug trade and illegal migration went on the common limits. Among other things, Beijing accuses the Republican not to prevent the drug made in China Fentanyl into the USA.

Trump uses tariffs as a means of pressure

Trump regularly uses customs threats as a negotiation tacticto force concessions in other areas. The Republican had announced various tariffs in recent weeks – but some of them were suspended again.

So it also behaved with the tariffs on goods from Canada and Mexico. At the beginning of February, Trump attended the concessions of the neighbors just a few hours before the threatened punitive tariffs came into force, especially when it comes to border security. For this he pushed the trade restrictions on for at least 30 days.

Canada reacts with counter -tariffs

This period expires on Tuesday at 0.01 a.m. local time (6.01 a.m. German time). It remains to be seen whether Canada and Mexico can agree again with Trump to avert the punitive measures quickly. In any case, Germany should also feel a trade war in North America – above all the German auto industry.

Almost all manufacturers and also Many suppliers use Mexico as a cheap production location – And also serve the US market from there. The tariffs against Canada could become a problem, for example for Volkswagen. Because the Wolfsburg are planning a battery cell factory in Ontario, which is to supply the Group’s e-car works in the United States.

Canada’s Prime Minister Justin Trudeau has already announced countermeasures. Canada, in turn, will be from a minute after midnight (6:01 a.m. CET) Customs of 25 percent on US goods Introduced, he said. This initially only applies to goods with a total value of $ 30 billion, the statement said. After 21 days, this number will be increased to a total of $ 155 billion.

“If the US tariffs are not set, we have active and ongoing discussions with provinces and territories to take several non-tariffs,” said Trudeau. This could presumably a restriction or even the Stop oil exports to the USA mean.

China also reacts

The Chinese Ministry of Commerce also announced that it would react to new tariffs with countermeasures. The party -related state newspaper “Global Times” brought Additional tariffs on US agricultural products as part of the possible retaliation.

Trump had released a decree on Monday that now provides 20 percent tariffs on imports from China. The text does not show when the new tariffs should come into force. In a press conference, Trump had previously said that the increase would apply from Tuesday.

The US government had imposed tariffs of 10 percent on all goods from China in early February-in addition to tariffs that the United States had previously imposed. Beijing already reacted with Correspondence of 15 percent on coal and liquefied natural gas from the USA. An additional custom of 10 percent was imposed for oil and agricultural machines from the United States.

The two largest economies are now threatening one new trade war As to be controlled in 2018, when Trump also triggered a conflict with the imposition of tariffs during his first term.

Trump also targets agriculture

Trump brought more tariffs into play on Monday. So the 78-year-old Customs on all agricultural imports in the prospect. He named April 2 as the date for the new tariffs.

“To the great farmers of the United States: Get ready to produce a lot of agricultural products that are to be sold within the United States,” Trump wrote on his online language tube Truth Social. “From April 2, tariffs will be collected on external products. Have fun!”

It was open whether the tariffs should apply to imports from all countries worldwide – or whether there will be exceptions for certain trading partners.

However, the date mentioned by Trump points out that the agricultural zodes As part of the planned mutual tariff could be imposed, which Trump had also announced for April 2. In principle, mutual, so -called reciprocal tariffs mean that the United States raised tariffs wherever you are currently asking less than your trading partners.

Trump’s customs policy could far -reaching effects on consumer prices in the USA have. Because the cost of high import tariffs is likely to change US companies on prices and thus consumers-that could Heat up inflation. American companies cannot replace products that they receive from Canada, Mexico or China with domestic production overnight. Trump regularly rejects these fears.