The elected president of the United States, Donald Trump, announced that he would impose heavy tariffs on Mexico, Canada, and China when he took office on January 20. According to a statement made on the social media platform Truth Social, a 25% tariff will be applied to all products imported from Mexico and Canada, while an additional 10% tariff will be imposed on products coming from China on top of the existing tariffs. Trump explained the rationale for the decision as border security and combating drug trafficking. "These tariffs will continue until illegal immigrants and drug trafficking entering our country through Mexico and Canada are stopped," said Trump, specifically targeting the prevention of fentanyl trafficking. The first reaction to the decision came from China. A spokesperson for the Chinese Embassy warned that trade wars would benefit no one. The New York Times reported that this decision would disrupt global supply chains and severely impact world trade. According to the newspaper, trade in the North American market, which has been interconnected by free trade agreements for over thirty years, could be paralyzed. BBC pointed out that the new tariffs violate the terms of the United States-Mexico-Canada Agreement (USMCA), emphasizing that the decision is contrary to international trade law. Experts warn that Trump's move could initiate a new global trade war and cause serious damage to the world economy.
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