Podcast host Josh Holmes weighs after President Donald Trump came to social networks to explain his plan to implement the prices and discuss Elon Musk’s remarks at the office of the cabinet.
President Donald Trump said on Monday that prices would go to “external” agricultural products in early April.
“To the great farmers of the United States: prepare to start making a lot of agricultural products for sale in the United States. Prices will go on an external product on April 2. Have fun!” Trump posted on Monday on Truth Social.
The announcement comes as the prices against the main American trade partners should take effect at midnight. Trump delayed the taxation of 25% prices on Canadians and Mexico after last -minute dealerships from the two countries. Managers of North American countries have carried out negotiations with the Trump administration in recent weeks, but no agreement to reduce incoming rates has been announced.
What are the prices, how do they work and who pay them?
Chinese imports would also be struck with another price of 10% at midnight on Tuesday. The president has already imposed a 10% levy for Chinese imports earlier this year.
The White House previously said that the prices were imposed to hold countries “responsible for their promises to end illegal immigration and stop toxic fentanyl and other drugs to flow into our country”.
Farmers take care of the cultures of Thera Farms by Brentwood, New York. (Alejandra Villa Loarca / Newsday RM via / Getty Images)
Last week, Trump posted on Truth Social that illegal drugs are still entering the United States at “high and unacceptable levels”.
What’s going on with Trump’s prices on China, Canada and Mexico?
“We cannot allow this scourge to continue to harm in the United States, and therefore, until it does not stop, or is seriously limited, the prices offered to enter into force in the fourth March enter, as expected,” he wrote, adding, “China will also be billed an additional rate at 10% on this date.”
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Anders Hagstrom contributed to this Fox Business report
