“We cannot allow this scourge to continue to harm the USA, and therefore, until it stops, or is seriously limited, the proposed TARIFFS scheduled to go into effect on MARCH FOURTH will, indeed, go into effect, as scheduled,” the Republican president wrote.
The prospect of escalating tariffs has already thrown the global economy into turmoil – with consumers expressing fears about inflation worsening and the auto sector possibly suffering if the US’s two largest trading partners in Canada and Mexico are slapped with taxes.
Donald Trump says he plans to impose tariffs on Canada and Mexico starting next Tuesday, in addition to doubling the 10% universal tariff charged on imports from China.
Posting on Truth Social on Thursday, the US president said that illicit drugs such as fentanyl were being smuggled into the United States at “unacceptable levels” and that import taxes would force other countries to crackdown on the trafficking.
President says tariffs on US neighbors to proceed as planned and 10% levy on imports from China will be doubled.
