Trump says that Canada and Mexico prices will start on March 4, plus an increase in China

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The prices on imports from Canada and Mexico will come into force on March 4 as expected, said President Trump on Thursday morning, saying that these countries were still not enough to stop the drug flow in the United States.

China will also face an additional 10% rate next week, in addition to the 10% that it imposed earlier this month, wrote the president in an article on Truth Social.

Drugs are still flowing in our country from Mexico and Canada at very high and unacceptable levels, he said. A large percentage of these drugs, largely in the form of fentanyl, are made in China and supplied by China. He added that the samples were necessary until the flow of drugs stops or was seriously limited.

In the oval office Thursday afternoon, Trump said progress had been made to reduce the flow of migrants, but that he had not seen the same progress on drugs, especially fentanyl.

Drugs continue to pay in our country, killing hundreds of thousands of people, he said.

Trump threatened to impose prices on all products from Canada, Mexico and China in early February, an effort which he said was aimed at resolving the flow of migrants and drugs. But after Mexico and Canada promised measures such as sending more troops to the border and, in the case of Canada, appointed a fentanyl tsar, Trump paused his prices for a month.

He advanced with an imposing a 10% rate on all products from China, in addition to those already in place, which has prompted China to retaliate with its own prices on American products.

Now Trump said Thursday that he will carry out with an additional 10% tariff on Chinese products, a decision that he had not announced before. These prices will be added in addition to the tariffs of 10% to 25% that Mr. Trump imposed more than $ 300 billion in China products during his first mandate, which are largely in force.

Its 10 plus 10, said Mr. Trump, clearly indicating that 10% on March 4 would be added to the existing 10% that were set up on February 1.

Since Trump revealed pricing plans on the three countries at the end of January, Mexican and Canadian governments worked furiously to defuse tensions and persuade Trump that they worked in the borders.

Chinas' efforts, on the other hand, seem to have been deaf. Trumps the threat of an additional rate could be an effort to bring the Chinese to the table for more negotiations.

Additional prices on the countries, three largest trade partners would only add to the economic pressure that started to emerge from Mr. Trumps Flurry from actions. Companies that import car parts, medical devices, vegetables and clothing in the United States are again struggling with the way they absorb additional costs.

Three textile associations published a joint declaration exhorting the president on Thursday to conclude an agreement with Mexico and Canada and avoid imposing the price of 25%, arguing that the three countries had an integrated North American supply chain which generated $ 20 billion in commerce and supported more than 1.6 million jobs.

The US textile industry has sent $ 12.3 billion, 53%, its total world textile exports to Mexico and Canada, which return as finished products in the United States under the American-mexic-canota agreement, groups said. Trump negotiated the terms of the agreement during his first mandate and the president signed the trade agreement in 2020.

Jay Foreman, Managing Director of Toy Company Basic Fun, who makes toys like Tonka Trucks and Lincoln Logs in China, said the additional 10% price on China was a nightmare. His business rushed to understand how to best manage and mitigate prices, he said.

We just understood how to work with 10%. There is no way to find a way to absorb 20%. It must be completely adopted, he said, indicating that consumers' costs would increase.

Canadian and Mexican officials tried to dissuade Trump's administration from moving forward with the prices, including during meetings with the commercial secretary, Howard Lux, this week.

Trumps' threats posed a particular dilemma for Canadian officials, who argue that fentanyl made in Canada has not been a growing threat to the United States.

Last year, American customs and border protection agents intercepted approximately 19 kilograms of fentanyl on the Canadian border, against nearly 9,600 kilograms on the border with Mexico, where the cartels will produce the drug in mass. A congress commission in 2020 which sought to reduce the flow of medication in the United States revealed that Canada was not known to be a major source of fentanyl or chemical precursors.

Mexico, on the other hand, is a major source of fentanyl shipments. In recent months, the Mexican government has expanded its operations against the state of Sinaloa, with a burst of high -level arrests, drug laboratory busts and drug crises that are swaying operations by the Sinaloa cartel.

After Mr. Trump came to the edge of the taxation of a 25% rate on Mexican exports earlier this month, Claudia Sheinbaum, president of Mexico, sent 10,000 troops from the National Guard to the border and sent hundreds of other soldiers in the state of Sinaloa, a large fentanyl traffic center, causing high-level arrests and Medication laboratories.

It is not clear if these efforts will be sufficient to appease Mr. Trump. His post seemed to be an attempt to clarify the moment of his various prices after his comments to the White House mixed on Wednesday to know if the samples of March 4 had been delayed.

Asked about the prices on Canada and Mexico on Wednesday, Trump said they would proceed but mentioned on April 2, that is to say that he said another batch of prices on various countries, which he described as reciprocal rates, would come into force.

Some investors have interpreted these remarks as a sign that the president wanted to continue delaying the tariffs related to medicines and migrants, and the value of the Peso and the Canadian dollar has increased. But a White House official said on Wednesday that the date of April 2 was referring to other prices, not to those in Canada and Mexico.

The second date of the reciprocal rate in April will remain in strength and indeed, wrote Mr. Trump on Thursday.

Vjosa Isai, Natalie Kitroeff and Paulina Villegas contributed the reports.

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