Canada announces 25% reprisal rates for American imports

Ottawa (DPA -AFX) – Canada has announced 25 percent retaliation rates worth $ 107 billion from US imports in President Donald Trump said he is implementing the same tariff rate in Canada and Mexico.

Mexican President Claudia Sheinbaum said that her government has made “emergency plans” to respond to the import rate, which will be announced on Tuesday.

A tariff is a tax on imported goods, paid by the company that imports the product. This will increase its retail price, whose task will have to be paid by consumers.

The Prime Minister of Ontario, Doug Ford, threatened that the power supply to the United States will be obtained in reprisals for the new rates. Canada is a major electricity exporter to the US

Announcing his decision that will trigger a new round of commercial war between the United States and its major partners, Trump said he would proceed to implement tariffs on Canada and Mexico, in accordance with the International Law of Emergency Economic Powers “to combat the extraordinary threat to our national security, including our public trafficking.

The White House said that while Trump offered both neighboring countries great opportunities to reduce the dangerous activity of the cartel and influx of lethal drugs in the US, they have not been able to approach the situation adequately.

He argued that Mexican drug trafficking organizations, the main fentanyl traffickers in the world, operate unstoppably due to an intolerable relationship with the Mexico government.

There is also an increasing presence of Mexican cards operating Synthetic and Nitazen synthetic laboratories in Canada, according to the White House.

The Trump administration mentioned the failure of both nations to arrest traffickers, confiscate drugs or coordinate with American law enforcement as a reason for tariff hiking. It is “an unusual and extraordinary threat to the action of Ieepa that requires American security to force responsibility and protect American life, the White House said.