Donald Trump says he will hit China, Mexico and Canada with new tariffs on day one
Donald Trump says he will hit China, Mexico and Canada with new tariffs on day one of his presidency, in an effort to force them to crack down on illegal immigration and drug smuggling into the US.
The US president-elect said he would sign an executive order imposing a 25% tariff on all goods coming from Mexico and Canada, after being inaugurated on 20 January 2025.
He also said “we will be charging China an additional 10% tariff, above any additional tariffs” until it cracked down on fentanyl smuggling.
The threat could mark a major escalation in tensions with the US’s three top trading partners. It could also lead to higher prices for Americans, since tariffs work as a form of tax on imports.
The US is the world’s largest importer. China, Mexico and Canada account for about 40% of the $3.2tn (£2.6tn) of goods it imports each year, according to official data.
China has defended its efforts to stop the flow of illegal drugs, and has warned that there can be no winner in a trade war between the two.
After Trump made his tariff threat, he spoke to Canada’s Prime Minister Justin Trudeau for about 10 minutes, discussing trade and border security, a Canadian government official told the BBC. They had a “good discussion”, the source said.
During the call, Trudeau pointed out that the number of migrants crossing the Canadian border was much smaller compared to the US-Mexico border, the official said.
Mexico’s finance ministry said: “Mexico is the United States’ top trade partner, and the USMCA provides a framework of certainty for national and international investors.”
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The measures have the potential to cause disruptions to the global supply chain and would hit the three countries targeted by the tariffs hard.
The tariffs on Mexico and Canada will remain in place until the two countries clamp down on drugs, particularly fentanyl, and migrants illegally crossing the border, Trump said in a post on his Truth Social platform.
“Both Mexico and Canada have the absolute right and power to easily solve this long simmering problem,” he wrote. “It is time for them to pay a very big price!”
In a follow-up Truth Social post, Trump attacked Beijing for failing to follow through on promises that he said Chinese officials made to carry out the death penalty for people caught dealing fentanyl, a synthetic opioid.
A spokesperson for the Chinese embassy in Washington told the BBC “the idea of China knowingly allowing fentanyl precursors to flow into the United States runs completely counter to facts and reality”.
“China believes that China-US economic and trade cooperation is mutually beneficial in nature. No one will win a trade war or a tariff war,” he added.
The Biden administration has been calling on Beijing to do more to stop the production of ingredients used in fentanyl, which Washington estimates killed almost 75,000 Americans last year.
During his election campaign, Trump threatened Mexico and China with tariffs of up to 100%, if he deemed them necessary, much higher than those he put in place during his first term in office.
Trump has also said he will end China’s most-favoured-nation trading status with the US – the most advantageous terms Washington offers on tariffs and other restrictions.
Last year, more than 80% of Mexico’s exports went to the US, while around 75% of Canada’s went to its southern neighbour.
Even after years of a bitter trade dispute between the world’s two biggest economies, the US still accounts for about 15% of China’s exports.
How do tariffs work?
A tariff is a domestic tax levied on goods as they enter the country, proportional to the value of the import. So a car imported to the US with a value of $50,000 subject to a 25% tariff, would face a $12,500 charge.
Tariffs are a central part of Trump’s economic vision – he sees them as a way of growing the US economy, protecting jobs and raising tax revenue.
He has previously claimed that these taxes are “not going to be a cost to you, it’s a cost to another country”.
This is almost universally regarded by economists as misleading.
The charge is physically paid by the domestic company that imports the goods, not the foreign company that exports them.
So, in that sense, it is a straightforward tax paid by domestic US firms to the US government.
Trump imposed a number of tariffs in his first term of office, many of which have been kept in place by his successor, President Joe Biden. Economic studies suggest most of the economic burden was ultimately borne by US consumers.
It was not immediately clear whether Trump’s “additional 10% tariff, above any additional tariffs” earmarked for China were on top of the 25% he was planning for Canada and Mexico.
What is Trump’s strategy?
The move is “clearly consistent with his promise that he made during the campaign to utilise tariffs as a weapon to accomplish many of his policy initiatives,” Stephen Roach, Senior Fellow at the Paul Tsai China Center of Yale Law School, told the BBC’s Business Today programme.
Trump’s pick for Treasury Secretary, Scott Bessent, has previously suggested that the president-elect’s threats to impose major tariff hikes were part of his negotiating strategy.
“My general view is that at the end of the day, he’s a free trader,” Bessent said of Trump in an interview with the Financial Times before he was nominated for the role.
“It’s escalate to de-escalate.”
It comes as the Chinese economy is in a significantly more vulnerable position than it was during the previous Trump presidency.
The country has been struggling with a number of serious issues, including an ongoing property market crisis, weak domestic demand and growing local government debt.
The new tariffs appear to break the terms of the US-Mexico-Canada Agreement (USMCA) on trade.
The deal, which Trump signed into law, took effect in 2020. It continued a largely duty-free trading relationship between the three neighbouring countries.
Outside the official reaction from the three countries affected, the response has been critical.
Doug Ford, the premier of the Canadian province of Ontario, said Trump’s planned tariff would be “devastating to workers and jobs in both Canada and the US
The bench press stays a staple in chest training and is among the many most
recognized good chest workout routines. It’s loadable and effectively targets the chest by way of shoulder horizontal adduction. This
train is acquainted to most health club goers and is easy to implement into any routine.
Comparable to dumbbell squeeze press, close grip bench press works
your internal chest. It’s also nice for building tricep
power, which in flip will assist enhance your PRs for chest workouts.
Some lifters swear by the bench press, claiming it’s the final word
chest-builder.
Keep your elbows tight; if you flare them out, you’ll likely use extra lat to move the weight.
You don’t want to decrease the burden all the method down to the ground;
just get a good stretch, usually not much additional down than your head.
Hold the load near your body quite than a large arc whenever you’re bringing it again up.
Bring the weight all the means down to your decrease chest, ensuring to squeeze.
You might not really feel it on the first couple of reps, however by rep
5, you ought to be feeling the burn.
Below are the six greatest variations of dumbbell fly
chest workouts. The anterior deltoid covers the front of the shoulders, and
is particularly robust when the arms are in line with
the shoulders. The coracobrachialis, which lies directly t beneath the deltoid and the pectoralis main, is fully targeted in this exercise.
In the shoulder girdle, the serratus anterior and pectoralis
minor abduct the scapula throughout flyes. The serratus anterior lies on the outer floor of the ribs on the sides just
under the armpits, and is roofed by the scapula on the rear and pectoralis main in front.
Combine staple workout routines with variations that focus on weak factors
or present a deeper stretch. Remember, efficiency matters—don’t waste
time on movements just like the plate press that fail to ship outcomes.
Warming up before chest workouts is essential to avoid damage and enhance efficiency.
A good warm-up routine prepares the muscular tissues, improves blood flow,
and enhances flexibility. A key benefit is
the flexibility to train unilaterally, unlocking the power to iron out imbalances and guarantee equal improvement
of either side of the back. Dips are my favorite train for emphasizing the event
of the decrease chest. It’s important to note that I use the word “emphasize” right here as a end result of like the
opposite chest workouts on this list, dips work the entire chest,
triceps, and entrance deltoids. Understanding the
operate and location of these muscle tissue
will help us select the best chest exercises – ones that particularly goal
them.
You’ll must work to scale back overall bodyfat to find a way
to lose your chest fat because there is no way to spot
reduce fat in just one specific area of the physique.
The Upper Chest muscle fibres (clavicular head) originate from the clavicle and run toward the
humerus. If doing regular dips is simply too simple, you can add weights
by hanging them in a belt. Using a barbell quite than dumbbells helps promote symmetry
in your motion. Start with lower rep counts, and as you improve, you’ll be
able to add extra reps to build extra strength. It suits nicely right into a chest-based routine or as a
half of a full-body session.
That’s the good thing about taking these workouts throughout
full vary of movement, even when it means reducing the weight.
Persevering With with the point above, if you’ve been striving for power
with every chest day exercise, you most likely haven’t pushed
the muscle into a forceful contraction. Second, don’t stay locked
in that set of acute variables for power. Move into hypertrophy (muscle gains) and endurance-focused variables
as this is how you’ll get your chest at peak contraction.
The extra intense a decrease chest exercise is, the longer the recovery interval must be.
For instance, athletes who perform extra intense pec workouts ought to relaxation for a minimal
of three days as a end result of they’re placing more pressure on their muscles.
An athlete who isn’t hitting the gym as onerous can cycle via their
chest days extra regularly, starting with every 2 days.
For balanced development, pairing this with dumbbell chest presses or machine chest presses can additionally be effective.
Dips are a powerhouse among good chest exercises for chest development.
They supply a deep stretch and may successfully target the upper chest
by inserting your shoulders in hyperextension. The compound nature of dips means additionally they work the
triceps and entrance deltoids, making them a comprehensive higher physique
motion.
Keep In Mind – good form is more essential than lifting heavy weights, particularly when you’re learning new workout routines.
The camber bar bench press stands out as a prime compound motion for the chest and is doubtless one of the best chest exercises
in accordance with science. It allows for a limiteless stretch, which
is important for maximizing muscle engagement.
By touching greater on the torso, you’ll find a way to emphasize the pecs
over the triceps and front delts.
References:
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