- Commerce secretary Howard Lunick said Donald Trump was not done with the prices.
- Trump’s highest sales manager said additional rates arrived on April 2.
- Wall Street sank on Monday after Trump imposed new prices in Canada, Mexico and China.
Commerce secretary Howard Lutnick said on Tuesday that President Donald Trump’s prices were just beginning.
“If you want to talk about commercial policy, it starts on April 2,” said Lodnick on CNBC. “These countries have used and abused us, and that will change.”
Trump said the next series of prices would include external agricultural products.
The first price of 25% of Trump on Mexican and Canadian goods, and an additional 10% on Chinese imports swirled the markets on Monday afternoon.
Canada, Mexico and China have all announced its intention to impose reprisal rates. China has taken measures immediately, imposing prices of up to 15% on American agricultural products and other goods.
Lutnick said the current prices concern Trump’s continuous frustration of deaths related to American opioids. Last year, federal data showed a 12% decrease in overdose deaths linked to the whole. Researchers told the New York Times that this had been widely attributed to a drop in deaths linked to synthetic opioids, which was motivated by fentanyl. Lutnick said too many Americans are still dying.
“Let us put together today’s prices, which aim to save American lives,” said Lunick. “China manufactures opioid products, then Mexico and Canada feed them in American and it must finish. They have done a good job on the border, but they did not stop the flow of fentanyl.”
Mexican, Canadian and Chinese officials challenged that they did not do enough to stop the fentanyl flow, one of the Trump administration’s reasons for the prices. According to customs and the protection of American borders, most fentanyl that enters the United States comes in Mexico. Since last September, less than 1% has been seized along the American Canadian border. China is the main source of chemicals used to create the fatal opioid.
The United States has long rubbed the Canadian restrictions on American agricultural products, especially dairy products. Trump previously ordered a radical examination of American trade deficits and other policies that most agencies must complete by April 1. He said he intended to impose additional prices according to this review, although he will delay the action per day so as not to coincide with the day of the April Fool.
Fentanyl rates are linked to a officially declared emergency Trump last month.
The USMCA has left Canada’s protectionist agricultural policies in place, which always allows it to impose high prices on dairy products, eggs and poultry products in the United States to protect Canadian farmers despite a largely lowered bordeous for trade across North America.
businessinsider
