Before this week’s fight with some of the biggest trade partners in the United States, President Donald Trump appears encouraged by his first tariff victory over Colombia.
Experts predict that China and Canada will likewise” cave” to Trump’s needs to do more to stop illegal immigrants and drugs from entering their country this Saturday or have tariffs imposed on them. However, those same researchers predict that China could put a greater test on the president.
According to Steven Kamin, a senior fellow of the American Enterprise Institute,” They’re going to have to express tough.” ” But I think that perhaps when push comes to shove my imagine is they’ll cave only because, degrading as it is, that’s what Trump wants”.
” Price” has become one of the president’s favorite phrases. He has criticized aged trade agreements and trade deficits with business partners as an attempt to underline his populist qualifications.
Trump announced he would impose 10 % tariffs on China and 25 % on Mexico and Canada if they failed to do more to stop the flow of fentanyl into the United States. Days after his historic victory against former vice president Kamala Harris in November, Trump announced he would impose 25 % on them.
Hours after his , inauguration , next week, he directed his presidency, through a first-day professional memorandum, to perform a thorough review of the U. S.’s trade policies by April 1 before proposing a Feb. 1 deadline for the tariffs on China, Canada, and Mexico.
Trump made an appearance at the House Republican surrender at his hotel and golfing lessons in Miami as late as this week, where he highlighted the importance of taxes and discussed the possibility of common charges.
” We are going to appear at medicine, medication. We are going to appear at cards, electronics, and we are going to appear at material and some other business, and you are going to discover issues happening”, Trump told House Republicans. The only way to escape this is to grow your grow, they say. If you want to stop paying taxes or tariffs, create these in America”.
Karoline Leavitt reiterated during her first press briefing as president of the White House on Tuesday that the Feb. 1 date for Canada and Mexico” also holds” and that Trump “is very much also considering” the exact date for China.
The White House’s business team, led by Peter Navarro, is drafting tariff options for the president to create quickly on February 1, according to people with knowledge of the White House’s domestic discussions, but they declined to provide further information.
But, on Wednesday, Mexican President Claudia Sheinbaum downplayed the danger that Trump would establish the taxes, telling reporters that she does no” think it will happen”. The United States-Mexico-Canada Agreement does protect Canada and Mexico, but that business deal is scheduled to become reviewed by July of next year, with the levies acting as a potential bargaining chip prior to those conversations.
” If it does happen, we even have our plan”, Sheinbaum said. ” There are meetings. There’s discourse”.
Foreign Minister of Canada Melanie Joly, who met with Secretary of State Marco Rubio in Washington on Wednesday, teased how her state and the European Union could cooperate to evade Trump’s tariffs.
It is obvious that we must be very rational when it comes to collaborating with Germans, as well as with Britain, with the U.K., Joly said earlier this year.
Alex Durante, a Tax Foundation top scholar, contended the advantage of taxes as a bargaining device comes with disadvantages, specifically if Trump does not follow through on his challenges.
” The more that you announce that it’s a negotiating strategy, it becomes a less powerful tool over day”, Durante told the Washington Examiner.
For Durante, who, like AEI’s Kamin, is a Federal Reserve Board and White House Council of Economic Advisers student,  , tariffs is even” frighten the businesses” and improve consumer prices, an argument White House National Economic Council Director Kevin Hassett has dismissed.
” If you spend$ 1.5 trillion a year more on government spending, you’re going to get inflation”, Hassett told Fox News on Monday. ” If you don’t let people drill, baby, drill, then energy prices are going to go up and so you’re going to get inflation”.
The U. S.’s trade deficit with Canada is driven by its dependence on its northern neighbor for , oil , and , natural gas. The U. S. is also dependent on Mexico for energy, cheap labor for , motor vehicles and auto parts, and fruit and vegetables.
Gary Hufbauer, a senior fellow at the Peterson Institute for International Economics, is more interested in what the president is hoping to accomplish with the tariffs, including making demands on Canada and Mexico to cooperate more with the United States than China, despite the White House’s defense of Trump’s strategy.
” It’s really not so clear what he wants ]with China ]”, the former Treasury Department aide told the Washington Examiner. ” The list of U. S. demands against China is very long, but the immediate objectives, I think … one, is to sell half of TikTok to some U. S. consortium in the next month, and the second, which is a little longer term, but in his phase one trade negotiation with China”.
The White House has celebrated Trump’s tariff win against Colombia last weekend, citing it as an example of it being” clear to the world that America is respected again” . ,  ,  ,  ,
Leavitt told reporters on Sunday that” President Trump will continue to fight fiercely for our nation’s sovereignty, and he anticipates that every other country of the world will fully cooperate in accepting the deportation of their citizens who are ill-prepared in the United States.”
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Trump made the announcement earlier that day that he would be imposing immediate 25 % tariffs on all imported Colombian goods, which would have gone up 50 % the following week. He also implemented a travel ban, visa revocations, and visa sanctions on Colombian government officials, the country’s ruling party members, their family members, their allies, and their supporters amid International Emergency Economic Powers Act Treasury, banking, and financial sanctions.
” These measures are just the beginning”, Trump wrote on social media.
