President Donald Trump escalates his tariff threats against Mexico, Canada, and China, asserting a 25% tariff on Mexico and Canada and 10% on China. He warned of potential taxes on several imports, causing anxiety in Mexico, which anticipates a last-minute resolution to avert these measures. Trump's justification includes the U.S. trade deficit with Mexico exceeding $157 billion, alongside concerns over illegal immigration and drug trafficking, specifically fentanyl. Economists predict significant repercussions on the Mexican peso and overall economic stability if the tariffs are implemented.
We will impose tariffs on Canada and Mexico for several reasons, the first is the massive number of people who have illegally entered our country; the second, the drugs like fentanyl that flood our communities and, the third, because of the huge subsidies we give them in the form of trade deficit, Trump said.
The U.S. warnings, for now, are only in discourse, however, the economic danger for Mexico remains latent, as the country awaits a last-minute agreement to avoid new taxes.
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