President Trump won the concessions from both countries to stop the flow to the United States on Monday, then delayed the proposed tariffs in Canada and Mexico, at least painfully and potentially painful. Unstable trade war has been postponed.
10 % of tariffs will be implemented in China on Tuesday morning. Mr. Trump said on Monday that he would be more likely to talk with the Chinese President Xi Jinping within the next 24 hours, and the 10 % tariffs he plans to impose is “Opening.・ We warned that it was Salvo.
The operation at the last -a -minute, a mixed OTIC, showed Trump's willingness to utilize tariffs on the most important trade partners in the United States, despite the serious economic results. Imports from Mexico, China, and Canada account for more than one -third of products brought to the United States over $ 1 trillion per year. Economist predicted that tariffs and retaliation measures could incite inflation and confuse global supply chains.
The stock market fell on Monday morning before Trump announced that it had signed a contract with Mexico President Claudia Symbaum to prevent 25 % tax. Mr. Trump also said that the first phone call with Canadian Prime Minister Justin Toldeau was “pretty good”, and they said in the second half of the day.
The second call was to avoid tariffs with one of the closest ally, and Trump agreed for a 30 -day delay.
“I had a good phone call with President Trump,” said Trudeau in a social media post. He said Canada promoted the previously announced $ 900 million border reinforcement plan, developed additional technologies and staff, and appointed the “Fentanyl Emperor.”
A few hours after temporarily listening to Canada's complaints, Trump posted to social media that Canada agreed many of his demands.
“Canada ends the deadly tragedy of drugs like Fentanyl, which is a secure northern border we have secured, and ultimately poured into our country, to hundreds of thousands of Americans. He destroyed his family and community in our country. ” “I am very satisfied with this first result, and the tariffs announced on Saturday will be suspended for 30 days to confirm that the final economic trading with Canada can be configured.”
The reversal concluded an extraordinary 48 hours, during which time Trump threatened to overturn the global economy, causing the World Trade War on issues that were related to national security before it changed rapidly.
The decision in response to Trump's demands by Canada and Mexico is likely to involve the president who has already revealed that tariffs are regarded as leverage sources with enemies and allies.
“Customs duties are very powerful to get everything financially and everything you want,” Trump said on Monday. “When you are a gold pot, the customs duties are very good, they are very powerful, and they are going to make our country very rich again.”
On the weekend, Trump signed a presidential order in Canada, Mexico, and China. The 25 % taxation between Canada and Mexico was enforced after midnight on Tuesday.
The order has moved scrambled by Canada and Mexico leaders, unstable the international trade system, and avoided trade wars, which had the potential for the economic recession.
The Trump administration claimed that customs duties based on national security and that Canada, Mexico, and China have allowed Fentanyl to enter the United States and kill Americans. Mr. Trump also put pressure on Mexico to take measures to prevent immigrants from illegally entering the country.
However, on Monday morning, Trump said he had a break through with Simbaum.
Mexico agreed to deploy 10,000 additional units specified to stop the flow of immigrants and illegal drugs across the border between the United States and Mexico. Symbaum said it would help the United States to stop the gun beyond the borders to Mexico.
The highest officials in the two countries are expected to engage in further consultation next month.
“There is a relationship between respect and equality, which is important,” said Symbaum.
Most of the day, Trump would return to his threat to attacking Canada, remained unknown in most of the day. Kanada, who has been signed by the Presidential Order on Monday, claims that US banks lack access to the market and that high trade barriers have restricted American products such as automobiles. I continued to broadcast complaints about it.
“Many things were very unfair in Canada,” he said. When Mr. Trudea was asked for something that could be offered to prevent tariffs, Trump said, “I don't know.”
“There is a big deficit in Canada,” said Trump. “I won't tell you what will happen.”
However, after their call, Tordeau decided to take additional measures to secure a border with the United States.
“Canada has a new commitment to appoint Emperor Fentanyl. List of cartels as a terrorist, secured eyes 24 hours a day at the border, starting a Canadian and US joint strike, and organizing organizational crime. I will fight Fentanyl and money laundering. “
Tododeau has added that he has signed a new organizational crime supported by $ 200 million and Fentanyl. He stated that the customs duties would be pause in “at least 30 days” while the two countries were discussing the situation.
Mr. Trudeau states that if Mr. Trump advanced on the weekend, Canada has established a steep duties in US products and the Canadian officials are preparing measures to protect industries from radioactive drops. Ta.
China was also preparing for the response. UN ambassador FU CONG stated on Monday that China has filed a complaint to Trump's World Trade Organization for tariffs and is considering retaliation.
“We are strongly opposed to this unreasonable increase. I think this is a violation of the WTO rules. That's why China has filed a complaint, and we are taking measures. He may be forced to take the winner.
This day began with the rapid decrease in stocks in Wall Street, and investors dumped the stock of companies that were most hit by Canada, Mexico, and China. I tracked a slump.
The Trump administration's trade planning on and off was competing to adapt to the development as the tariffs in Mexico were delayed by one month late in Monday in the morning, and the traders deployed. Pesos and Canada dollars, which have decreased to the US dollar due to the approach of tariffs, have begun to recover after announcing that Mexico has delayed tariffs.
Taxes increase US consumer prices as a positive sign that the Trump administration is not 25 %, but not to establish 10 % of tariffs on Canadian energy imports. I admitted that there was a possibility. The agreement to delay Mexico's tariff suggests Trump's willingness to retreat.
“As we compare the risks of deeper trade wars and their economy and the impact on the market, all sides are the risk of continuing retaliation,” said Brian, the US Chief US policy analyst of STIFEL, the investment service company. Gardner is writing. A memo to the client. “Mr., but his first -time Trump behavior suggests that he will ultimately agree to a transaction that can claim political victory, even if there is no major change in policies.
As Mr. Trump negotiated, policy creators continued to compare the potential impact of his decision on inflation.
At an event on Monday, Atlanta Federal Bank's President Rafael Bostic warned that companies in his district plans to give customers a higher tariff cost to customers. Bostic stated that whether a company can do so for a long time depends on whether consumers are “rebellers” and their answers vary depending on the product and sector.
In an interview with the CNBC on Monday, Susan Collins's President of the Boston Federal Reserve bank only raises the price of so -called final products or items that are ready to be sold to consumers. And, again, “intermediate goods” used to make other products.
Nevertheless, Collins said ined so many uncertainty that the Fed is now “urgent”, which is currently reducing interest rates. As part of the rotating schedule, she will vote at this year's policy meeting.
The parliamentarians also looked carefully looking at what Trump would do.
Most Republicans were reluctant to publicly criticize Mr. Trump's tariffs, but it was clear that some were concerned that they could give them to their state. 。
Senator Charles e. Glasley, Republican Republican member, said, “I will appeal to President Trump to exempt the caliphes from tariffs.”
The report was provided by Colby Smith, Farnaz Fassihi, Matina Stevis-Gridneff, Zolan Kanno-Youngs, Annie Correal, and Danielle Kaye.
