When it seemed that Donald Trump had won the US presidential election in November 2016, the Mexican peso fell sharply by more than 12% against the dollar. Eight years later, the Mexican currency fell, but only by 1.6% as a result of customs threats from the victorious candidate.
On his social network Truth Social, the president-elect, who believes that customs tariff is the most beautiful word in the dictionary, threatened on Monday, November 25, to impose a 25% tax on all Mexican – and also Canadian – imports. on the first day of his term in the White House. The news shocks, but it does not constitute the earthquake of 2016. Because the planet has become accustomed to Donald Trump’s announcements. Because they are not necessarily followed by the devastating effects announced.
The method, however, was surprising. It consists of establishing an immediate balance of power with Mexico and Canada, while the future president has, in theory, no power before taking office on January 20, 2025. The pretext for these sanctions is the trafficking of fentanyl, a synthetic drug wreaking havoc in the United States. “On January 20, as one of my many first executive orders, I will sign all the necessary documents to impose a 25% tariff on ALL products from Mexico and Canada, with their ridiculous open border policies entering the United States. This tariff will remain in place until drugs, especially fentanyl, and all illegal aliens stop this invasion of our country! “Mexico and Canada have the absolute right and power to easily resolve this long-simmering problem.” accuses Donald Trump.
The second country in the crosshairs is China, accused of manufacturing the basic molecules used in the manufacture of these drugs. “Chinese officials told me they would impose the maximum death penalty on any drug trafficker caught trying to‘[expédier du fentanyl aux Etats-Unis]but unfortunately it was never fulfilled and the drugs are reaching our country, mainly through Mexico, at levels never seen before. Until they stop, we will impose an additional 10% tariff on China on all of their numerous products entering the United States.”writes the president-elect in another post.
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