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News Report – February 4, 2025
The administration of U.S. President Donald Trump has announced a series of new tariffs on imports from Canada, Mexico, and China, further escalating trade tensions between these countries.
U.S. Implements Tough Tariffs
According to the latest announcement, the U.S. will impose a 25% tariff on imports from Canada and Mexico, while goods from China will be subject to a 10% tariff. President Trump stated that these measures aim to curb illegal immigration and drug trafficking from neighboring countries.
In a post on J-Social after a phone call with Canadian Prime Minister Justin Trudeau on February 3, Trump emphasized:
“As President, I have a responsibility to ensure the safety of all Americans. I am very pleased with this initial outcome and am ready to consider a final economic agreement with Canada over the next 30 days.”
Canada and Mexico Respond
In exchange for the U.S. temporarily halting the planned tariffs set to take effect on February 4, both Canada and Mexico have agreed to deploy 10,000 troops each to their respective borders with the U.S. to strengthen security.
Prime Minister Trudeau pledged to designate a major criminal figure as a terrorist and to establish a joint task force with the U.S. to combat drug trafficking and organized crime. Meanwhile, Mexican President Claudia Sheinbaum has ordered stricter border control measures to stop the flow of fentanyl into the U.S.
Tensions between Washington and Mexico have escalated further after Trump accused the Mexican government of collaborating with criminal organizations. In response, Mexico’s president vowed to implement retaliatory tariffs to protect national interests.
EU Warns of Global Trade War
As the U.S. ramps up tariffs on its trading partners, the European Union (EU) has expressed concern. The EU’s foreign policy chief stated that the bloc is preparing for a potential trade war.
“Nếu Hoa Kỳ khởi xướng một cuộc chiến thương mại, Trung Quốc sẽ là bên hưởng lợi lớn nhất. Cả Hoa Kỳ và Châu Âu đều có mối quan hệ kinh tế chặt chẽ, và bất kỳ sự leo thang nào cũng sẽ gây hại cho cả hai bên.”
The Trump administration is reportedly considering imposing tariffs of 10-20% on all EU imports and up to 100% on European automobiles.
Panama Withdraws from China’s Belt and Road Initiative
Trong một động thái bất ngờ, Tổng thống Panama José Raúl Mulino tuyên bố nước này sẽ rút khỏi Sáng kiến Vành đai và Con đường của Trung Quốc, trở thành quốc gia Mỹ Latinh đầu tiên làm như vậy.
Mulino’s announcement came after a meeting with U.S. Secretary of State Marco Rubio on February 2. Washington has expressed concerns over China’s growing influence in the Panama Canal and warned that the U.S. would take action if Panama did not address the issue.
China Strikes Back
The Chinese Ministry of Commerce has issued an official statement condemning the U.S. tariffs, calling them a unilateral move that seriously violates World Trade Organization (WTO) regulations.
Beijing has vowed to take the matter to the WTO and implement countermeasures to protect its economic interests.
Conclusion
The U.S.’s decision to impose new tariffs on Canada, Mexico, and China has intensified global trade tensions. While U.S. trade partners are preparing retaliatory measures, the EU and Panama have also taken steps to safeguard their national interests.
The global trade war appears to be entering a new phase, with potentially significant consequences for the world economy.
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