- Trump break 25% of Canada prices for 30 days after successful discussions.
- Trudeau agrees with the efforts of fentanyl smuggling among others.
- Trump says that the economic pacts of the eyes with two largest business partners.
US President Donald Trump has put his high prices plan on Mexico and Canada on Wait on Monday while the two neighboring countries promised to strengthen border control and crime efforts.
American prices on China must always take effect in a few hours.
Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum said they had agreed to strengthen borders’ application efforts in response to Trump’s request to suppress immigration and drug smuggling. This would take a 25% tariff break which should come into force Tuesday for 30 days.
Canada has agreed to deploy new technologies and staff along its border with the United States and to launch cooperation efforts to combat organized crime, fentanyl smuggling and money laundering.
Mexico has agreed to strengthen its northern border with 10,000 members of the National Guard to stem the flow of illegal and drug migration.
The United States has also been committed to preventing high-power arms trafficking in Mexico, said Sheinbaum.
“As president, it is my responsibility to ensure the safety of all Americans, and I do exactly that. I am very satisfied with this initial result,” said Trump on social networks.
The agreements predicted, for the moment, the start of a trade war that economists predicted to harm the savings of all those involved and inaugurate higher prices for consumers.
After talking by phone with the two leaders, Trump said that he would try to negotiate economic agreements in the coming month with the two largest American trade partners, whose savings are closely linked to the United States because an agreement historical free trade was concluded in the 1990.
Prices in China are always planned
No agreement of this type has emerged for China, which faces 10% tariffs through the edge which are ready to start at 12:01 p.m. Tuesday (0501 GMT). A White House spokesman said Trump would not speak with Chinese President Xi Jinping that later in the week.
Trump warned that he could further increase Beijing.
“China, hope, will stop sending us fentanyl, and if not, the prices will go much higher,” he said.
China has called the fentanyl america problem and said it would challenge the World Trade Organization and take other countermeasures, but also left the door open for discussions.
The last touch of the saga increased the Canadian dollar after falling at its lowest in more than two decades. The news also gave us a boost on the stock market index after a day of losses at Wall Street.
The industrial groups, fearing disturbed supply chains, praised the break.
“This is a very encouraging news,” said Chris Davison, who heads a sales group of Canadian Canadian producers. “We have a highly integrated industry that benefits the two countries.”
Trump suggested on Sunday that the European Union of the 27 country would be its next target, but did not say when.
EU leaders at an informal summit in Brussels on Monday said that Europe would be ready to retaliate if the United States imposed prices, but also called for reason and negotiations. The United States is the largest commercial and investment partner in the EU.
Trump has suggested that Great Britain, which left the EU in 2020, could be rates spared.
Trump has recognized during the weekend that his prices could cause short-term pain to American consumers, but says they are necessary to limit immigration and drug trafficking and stimulating domestic industries.
The prices as originally planned would cover almost half of all American imports and would force the United States to more than double its own production of manufacture to fill the gap – a worked in the short term, wrote the Ing analysts .
Other analysts have said that prices could throw Canada and Mexico into the recession and trigger “stagflation” – high inflation, stagnant growth and high unemployment – at home.