US President-elect Donald Trump will take charge of the White House on January 20, and now he has announced plans to impose tariffs on countries like China, Mexico, and Canada. This indicates that this administration will continue using tariffs as a tool to bring manufacturing jobs back to the States and also as leverage for trade negotiations. However, the most shocking discovery was to see India’s absence from the list.
Trump took to social media and said that immediately after taking office, he would sign an executive order to impose tariffs on Mexico and Canada and would charge an additional 10% from China. Trump said that these tariffs will remain in place until the Chinese Government stops the smuggling of synthetic opioid Fentanyl.
Trump said on Tuesday, “I have had many talks with China about the massive amounts of drugs, in particular fentanyl, being sent into the United States – but to no avail. Representatives of China told me they would enforce their maximum penalty, including the death sentence, for any drug dealers caught doing this, but unfortunately, they never followed through.” He further added that most of the drug trade is taking place at the open borders between the US and Mexico.
He also shared his thoughts on the tariffs on Canada and Mexico, “I will sign all necessary documents to impose a 25% tariff on all products coming into the United States from Mexico and Canada, along with addressing its ridiculous open borders. This tariff will remain in place until drugs, particularly fentanyl, and illegal immigrants stop invading our country.”
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Although not much about India, it is safe to say that Donald Trump backs India, even though he called India a “very big (trade) abuser”. Indian exports around $75 billion worth of goods to the USA, and any tariff can cripple that trade.
