The main trade and manufacturing advisor to Trump, Peter Navarro, explains the president’s prices on Mexico and Canada while doubling China’s surcharge on “Varney & Co.”
President Donald Trump’s prices on Mexico and Canada should come into force Tuesday at midnight on Tuesday at midnight, setting up a second economic confrontation with American neighbors.
Trump administration delayed the taxation of 25% prices on Canadian and Mexican products last month after last -minute dealerships in the two countries. Officials from the two countries have been negotiating with the Trump administration in recent weeks, but no agreement to reduce incoming prices has been announced.
Peter Navarro, the main house advisor to the White House on Trade and Manufacturing, defended Trump’s approach on prices on Monday. The White House underlined fentanyl and other drug trafficking across the north and southern borders to justify the prices.
“If you think of the problem, it starts in communist China with pioneering chemicals. It comes to Mexico and they do fentanyl. But they also have these pill presses. So they do the counterfeits. And they use Canada as a transit hub and the secondary point to also make CNBC.
What are the prices, how do they work and who pay them?
President Donald Trump plans to impose massive prices in Canada, Mexico and China on Tuesday. (Images Andrew Harnik / Getty / Getty Images)
Trump also announced his intention to double existing 20% tariffs on Tuesday.
What’s going on with Trump’s prices on China, Canada and Mexico?
The Secretary of Commerce, Howard Lunick, confirmed that the prices should always be set up, but their gravity is always up to negotiations.
“There will be prices on Tuesday on Mexico and Canada. Exactly what they are, we are going to leave this for the president and his team to negotiate,” Larnick told Fox News on Sunday.
Prime Minister of Canada Justin Trudeau said Canada would retaliate with his own prices if Trump is advancing 25% of Canadian products. (Reuters / Patrick Doyle / Reuters)
Canadian Minister of Internal Trade Anita Anand has met US officials in Washington in recent days, although no announcement has come from meetings. Canadian Prime Minister Justin Trudeau said Canada would retaliate with $ 30 billion in American goods if the 25% tariffs were progressing.
Meanwhile, Mexican President Claudia Sheinbaum stressed that “Mexico must be respected” in negotiations.
“Cooperation and coordination, yes, subordination, never,” she said during an event on Sunday.
Mexican president Claudia Sheinbaum says that Mexico must be “respected” in tariff negotiations. (Emmanuel Rosas / Obturadormx / Getty Images, on the left, and Allison Robbert-Pool / Getty Images, on the right. / Getty Images)
The White House did not immediately respond to a request for comments from Fox News Digital.
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The implementation of these prices leaves the possibility that American consumers could face higher prices for certain products if they end up taking effect.
