The US Commerce Secretary has said that the US tariffs against Canada and Mexico are ready to be implemented on Tuesday, but their level will be set by Donald Trump.
The US President has threatened to impose a 25% tariff, which is unacceptable on imports on two of his neighbors on 4 March, saying that there is an unacceptable flow of illegal drugs and migrants in the US.
Commerce Secretary Howard Lutnik said on Sunday that the tariff will be according to the scheme but the accurate details will depend on the conversation.
10% of tariffs on sugar imports are also expected to be implemented in response to US allegations that Beijing is not enough to prevent the flow of fantaneils in the US.
This means that if effectively brought, Chinese exports to the US will face at least 20% levy, after 10% tariffs that are effective a month ago.
The Chinese state media claims that leaders in Beijing have prepared a series of counter-protests on the same day, increasing the possibility of an all-out trade war between the top two economies in the world.
The Chinese state -run Global Times newspaper said that counters will probably target US agriculture and food products.
Analysts believe that Beijing still expects an all-out trade war to escape and interact on a truss with the Trump administration, but so far there is no indication of a deal between the two economic veterans.
Trump has long stated that tariff is a useful tool for curing business imbalance and protecting American manufacturing.
Speaking on Sunday morning futures on Fox News, Commerce Secretary Lutnik said: “There are going to be tariffs in Mexico and Canada on Tuesday. In fact what they are, we are going to leave to talk to the President and his team.”
Canada has repeatedly stated that tariffs will harm both economies, but said that it will protect itself.
Canadian internal trade minister Anita Anand met officials in Washington in recent times and said there would be a reaction over the weekend.
“We are stable on the wheel. We are ready for any event, but we will protect our country’s economy at every turn,” He told CBC News.
Last month, Canada prepared a list of $ 30bn (£ 23.6bn) of the value of American goods, stating that it would place in response to American tariffs. The items of that list included everyday items like pasta, clothes and perfumes.
The Canada Border Services Agency (CBSA) says it is “boosting” its efforts to deal with the Phentenell crossing in the US.
Only 1% of Fentenile seized in the US is believed to come from Canada, according to US data.
Canadian Prime Minister Justin Trudeau told a Ukraine Summit in London on Sunday that Canada is “not an issue” as a source of illegal fentaneel in the US.
The President of Mexico, Claudia Shinbam, appeared to send a message to Trump after an interview by Lutnik, when he stated in a public event in the city of Kolima that “Mexico is to be respected”.
“Collaboration [and] Coordination, yes, subordination, never. ,
President Trump has announced a 25% charge on all steel and aluminum imports, which is to be effective on March 12.
In addition, he has threatened to impose a custom “mutual” tariff on individual countries, as well as 25% tariffs on the European Union.
