In a rare bipartisan move, two senators have introduced legislation in the latest attempt to fight the flow of fentanyl and its precursors into the U.S. from China, Mexico and through other borders.
Mexico is weighing further trade measures to crack down on low-cost shipments into the country, an official said on Thursday, after slapping tariffs on so-called "de minimis" purchases largely coming from China.
President Trump said illicit drugs such as fentanyl are being smuggled into the United States at “unacceptable levels” and that import taxes would force other countries to crack down on the trafficking.
President Donald Trump said Thursday that 25% tariffs on goods imported from Canada and Mexico would go into effect Tuesday.
Good morning. Donald Trump says tariffs on Canada and Mexico—plus a bigger duty on China—will hit next week. OpenAI drops its newest tool. And Blue Origin is launching a star-studded, all-female crew into space.
Starting just past midnight Tuesday, imports from Canada and Mexico are now taxed at 25%, with Canadian energy products getting tariffed at 10%.
Mexican President Claudia Sheinbaum said her country would review tariffs on Chinese shipments, a move that could give the Trump administration a win in its push to build a “Fortress North America” that blocks shipments from the Asian nation.
La presidenta mexicana, Claudia Sheinbaum, dijo que su país revisaría los aranceles a los envíos chinos, una medida que podría darle a la administración Trump una victoria en su intento de construir una “Fortaleza de Norteamérica” que bloquee los envíos de la nación asiática.
Trump, who has imposed 25% tariffs on almost all products imported from Canada, has repeatedly said this year that the US has a “$200 billion” trade deficit with Canada – sometimes making the claim explicitly and sometimes using vaguer language about a supposed $200 billion subsidy or loss to Canada.
The president has launched a trade war seeking to quell the flow of illegal immigrants and the illegal trafficking of drugs and rebalance trade.
The nation’s top three trading partners are rolling out levies on a wide range of products, including soybeans, meat and grains, in the escalating trade war.
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