The Trump administration has made another breakthrough in international trade policy by imposing new trade tariffs on three major partner countries: Canada, Mexico, and China. This decision was taken as a firm step in addressing various issues that Trump believes are detrimental to the United States.
25% Tariff for Canada and Mexico
Trump imposed a 25% tariff on imports from Canada and Mexico. This policy was said to be a response to the two countries' lack of seriousness in dealing with the problem of immigrants entering the United States illegally. According to a White House statement, Trump considered the Canadian and Mexican governments to be insufficient in controlling the flow of immigration which has been a major concern of his administration since he took office.
"We will not allow this situation to continue. The United States has the right to protect its borders and its domestic economy," Trump said at a press conference in Washington D.C.
10% Tariff for China
Meanwhile, China has imposed a 10% import tariff. The tariff is part of the US government's response to what it considers unfair trade practices and alleged theft of intellectual property by Chinese companies. Although the tariffs imposed are lower than those imposed by Canada and Mexico, Trump has stressed that the policy is still aimed at protecting American domestic industry.
"We will not stand by as China takes advantage of an unbalanced global trading system," Trump said.
Expected Impact
The tariffs are expected to put pressure on Canada and Mexico to increase cooperation in addressing immigration issues. On the other hand, this step is also a stern warning to China to be more cooperative in international trade.
However, various parties consider this policy could trigger a trade war that is detrimental to all parties. Economic observers warn that Trump's move has the potential to increase the price of imported goods in the US market and disrupt diplomatic relations with these trading partner countries.
Conclusion
Trump's trade tariffs on Canada, Mexico and China reflect his administration's tough approach to protecting the United States' national interests. However, the effectiveness of this policy remains to be seen in the long term, especially in terms of its impact on global trade relations.
