Donald Trump makes his threat come true and imposes far -reaching tariffs on goods from Canada, Mexico and China. The American President signed corresponding orders. According to this, tariffs of ten percent will be charged on all imports from China from next Tuesday and 25 percent on imports from neighboring countries Mexico and Canada. A sentence of ten percent should apply to energy imports from Canada. In the decree there is also a passage that the tariffs could be increased or expanded if the countries were to react with retaliation – for example, with counter -tariffs from the USA. And it looks like it should come about. China reacted and announced “corresponding countermeasures”. In addition, a lawsuit will be submitted to the World Trade Organization (WTO) to protect China’s rights and interests, a spokesman for the Ministry of Commerce in Beijing said. The punitive tariffs represented a serious violation of the rules of the WTO. The Ministry of Commerce left it open. Take measures to defend Mexico’s interests. It categorically rejects the White House that the Mexican government is allied with organized criminals. However, she is not looking for a confrontation, but cooperation and a dialogue with the USA. Also Canada’s Prime Minister Justin Trudeau announced countermeasures in the same amount. His country will introduce tariffs of 25 percent to US goods, said Trudeau at a press conference. Customs are a surcharge for imported goods. They are due on the border, usually paid by the importers and piled up on the final price. Consequences for Mexicomexo is the most important trade partner in the United States. No other country exports to the United States. According to economists, Trump’s customs policy is likely to harm both economies through higher inflation and the loss of jobs. Mexico does not rule out in against tariffs. More than 80 percent of Mexico’s total exports go to the United States. Thousands of companies and millions of jobs depend on it. Trump does not only criticize imbalances on the market. He also uses punitive tariffs to achieve Mexico’s tougher action against migration and drug cartels. He also claims to avoid Chinese companies by investing tariffs by investing in Mexico and exporting them to the USA from there. Mexico tariffs for European company tariffs against Mexico are also likely to hit companies from Germany hard, especially the auto industry. Almost all manufacturers and many suppliers use Mexico as a cheap production location and serve the US market from there. VW, Audi and BMW have their own factories in the country, Mercedes-Benz produced in a community work with Nissan. And at Audi alone, 98 percent of the cars go to export, 40 percent of them to the United States. Mexico, the USA and Canada are neighbors and trading partners. Reuters/Jose Luis Gonzalezezaleze new customs barriers in the USA are becoming a serious problem here, says industry expert Stefan Hecht from Advyce & Company. Because with an additional surcharge, it hardly pays off to send cars from Mexico to the USA. In response, he expects the manufacturers to move at least part of the production of Mexico to the USA, where VW, BMW and Mercedes also have works. Consequences for Canadadie USA are the most important and largest trading partner for Canada. Almost a trillion dollar of goods and services are converted between the two neighboring North American countries. In addition to close cooperation in the auto industry, Canadian companies sell a number of agricultural products as well as oil, gas and minerals to the United States. Trump also justifies the punitive measures at Canada with immigrants from Canada from crime and drugs with a cross of the border, And the Canadian government is not doing enough. Customs Washington on all imports from Canada are likely to make the products more expensive and therefore less attractive on the US market, so that they should ultimately harm the producer in Canada. The Canadian Prime Minister Justin Trudeau had threatened with countermeasures in advance. The Canada-Zölle for European company Sahl The tariffs against Canada could cause problems in Europe-at least for Volkswagen. Because the Wolfsburg are planning a battery cell factory in Ontario near the US border, which is to supply the Group’s e-car works in the USA. Trudeau’s government had attracted the billion-dollar project with high subsidies. Zölle are now “poison”, warns Stefan Bratzel from the Center of Automotive Management in Bergisch Gladbach and speaks of a “Super-Gau for this investment”. However, this is still a future music: Production in St. Thomas near Toronto should only start in 2027. Consequences for Chinatrump criticizes, among other things, from China Fließe flows into the United States as a drug, which was abused as a drug. He argues until the stop, there will be the tariffs. “Fentanyl is America’s problem,” explains the Chinese Ministry of Foreign Affairs in response to this Sunday. “The Chinese side has carried out comprehensive cooperation with the United States in the fight against drugs and achieved remarkable results.” External content from YouTube In order to display external content, its revocable approval is necessary. Personal data from third -party platforms (possibly USA) can be processed. More information. Activate external content for the already battered Chinese economy, the new tariffs are likely to be further stress. Beijing has been trying to postpone its retail for years, but the United States remains the most important export market and thus an important support for many companies. In the United States, customs duties on Chinese were likely to lead to higher prices, but China is not defenseless. Beijing could consider reacting with their own tariffs, especially to agricultural products from the USA. China could also implement targeted retaliation measures, such as a limitation of the export of rare earths or increased investigations against American companies, whether they are traveling with unfair means in Chinese markets. Overall, the already tense relationships of the two superpowers are likely to deteriorate. The consequences of the China tariffs for European company car manufacturers from Europe will probably also feel the tariffs against China, if only indirectly. Almost all manufacturers and suppliers operate large works in China. However, it is produced almost exclusively for the Chinese market, there are no noteworthy exports to the USA. Branch expert Stefan Hecht from the management consultancy Advyce & Company still expects effects that will reach Germany. In view of the new hurdles on the US market, Chinese manufacturers such as BYD are likely to push them to Europe even more than before, he believes. “Europe is then increasingly coming to the fore as a sales market.” There could be more about the arbitrations of increasing competition and price struggles at the German car market. “The local manufacturers will clearly feel that,” says Hecht. After all, manufacturers like VW have already struggled with high overcapacity in Germany. It remains to be seen, such as the EU Commission, which has already imposed punitive tariffs against electric cars from China, will respond to Trump’s new punitive measures. Is the EU’s turn soon? “Absolutely,” the president recently said when asked whether he would also raise tariffs on products from the EU. “The EU treated us so badly,” he said on the grounds. The United States has a “huge deficit” in the trade with the European Union. “So we will do something very considerable with the European Union,” he announced, without naming details. Trump has long been a thorn in the side that European companies sell significantly more goods in the United States than American companies in the EU. There had already been a violent trade dispute between the USA and the EU in Trump’s first term. In his government years from 2017 to 2021, Trump had put a large scale on tariffs to carry out trade conflicts with other countries.
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