Dice, Trump will announce information for Mexico and Canada. China: prepared for any kind of warfare | EUROtoday

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The President of the United States, Donald Trump, will make an announcement this afternoon concerning the duties on Mexico and Canada. This was acknowledged by the Secretary of Commerce Howard Lutnick in an interview with Bloomberg Television. Lutnick prompt that there may very well be a “half-road” modification that will assure a sure tariff reduction to firms, together with automobile producers, which respect the United States-Mexico-Canada Agreement industrial settlement (USMCA), signed throughout Trump’s first mandate to the White House.

In the meantime, China raises the tone of the conflict. The Chinese embassy within the United States wrote in a publish on the X platform that Beijing is prepared to answer any kind of financial battle: “If the United States wants the war, be it tariff, commercial or other, we are ready to fight to the end”. A line additionally reiterated by the spokesperson of the Chinese Foreign Ministry, Lin Jian.

Last evening, in his joint speech on the congress, Trump stated that his administration can be “okay” with “a small disorder” deriving from duties.

Mexico, with duties +30 billion prices for the US automobile business

The Mexican Association of Manufacturers of Car Components (INA) has estimated that the duties imposed by Trump on imports from the Latin American nation will trigger extra prices within the United States automobile manufacturing of $ 30 billion per 12 months, which can be mirrored on the ultimate value of automobiles. Gabriel Padilla, common supervisor of INI, stated that the price of automobiles will enhance between $ 3,000 and $ 5,000 per unit, relying on the section. The meeting crops within the United States rely over 40% on parts imported from Mexico. “We are trying to influence our governments,” Padilla stated. “We are in negotiations with our counterparties in the USA and Canada – he added – to clarify the impacts that will be caused in the loss of jobs, the destruction of the supply chains and the increase in the costs of final products”.