US President Donald Trump confirmed the announcements that he would impose a 25 % duties on Mexico and Canada on February 1. He added, however, that it is not sure if it would apply to oil imports.
Trump announced that he would impose new duties on Mexico and Canada when signing new regulations on changes in the Federal Aviation Administration (FAA) in the White House.
Trump and duty. Mexico and Canada
When asked by journalists if he intends to realize his earlier threat of imposing duties on his neighbors on February 1 (Saturday), he answered in the affirmative, adding that he would do it “for a number of reasons”.
Although he did not mention them, he had previously demanded from the rule of Mexico and Canada the shortening of drug smuggling and illegal immigration. Both countries have announced a number of activities in this area, but Trump found them insufficient.
When asked if the duties would also include the import of oil, Trump said that he would make a decision on this matter on Thursday.
American oil refineries bring large amounts of oil – about 20 percent the whole refined raw material – from Canada, and the duty can increase Prices of gasoline In USA.
US President Donald TrumpPAP/EPA/Will Oliver
The greatest US partners
Mexico and Canada are by far the largest trading partners of America, responsible for almost 30 percent. all imports to the USA.
The introduction of duties may suffer, among others The American car industry, which involves free and multiple transport of parts and components between plants in these three countries. America imports from both countries also, among others agricultural products and wood.
Contrary to the initial threats, Trump does not intend to impose duties on China. Even before the presidency, he announced that he would announce 10 percent. The duty for all products from the Middle Kingdom simultaneously with the closes for imports from Mexico and Canada.
Source of the main photo: PAP/EPA/Will Oliver