*** Trump vows big tariffs on Mexico, Canada and China | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

Trump vows big tariffs on Mexico, Canada and China

AFP | Washington

Email : editor@newsofbahrain.com

US President-elect Donald Trump said Monday he intends to impose sweeping tariffs on goods from Mexico, Canada and China, prompting a swift warning from Beijing that “no one will win a trade war.”

In a series of posts to his Truth Social account, Trump vowed to hit some of the United States’ largest trading partners with duties on all goods entering the country.

“On January 20th, as one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25 percent tariff on ALL products coming into the United States,” he wrote.

In another post, Trump said he would also be slapping China with a 10 percent tariff, “above any additional Tariffs,” in response to what he said was its failure to tackle fentanyl smuggling.

Tariffs are a key part of Trump’s economic agenda, with the Republican vowing wide-ranging duties on allies and adversaries alike while he was on the campaign trail.

Both China and Canada issued swift responses, each calling their trade relationships with the United States “mutually beneficial.”

“No one will win a trade war,” Liu Pengyu, a spokesman for China’s embassy in the United States, told AFP by email, defending Beijing’s efforts to curb fentanyl smuggling

Read More