In a message of 1 February, the White home reported that president Donald Trump intends to introduce additional 25% duties on imports from Canada and Mexico and 10% on Chinese products. Trump argued that this is aimed at bringing these countries to account for failing to act to halt illegal immigration and drug influx into the US.
In response, Mexico and Canada announced the introduction of their own tariffs and China announced the essential remedies. However, negotiations between countries took place in the following days.
How did the tensions develop?
On February 3, Mexico's president Claudia Sheinbaum announced an agreement with Trump, which provides for a 30-day suspension of duties. In return, Mexico agreed to send 10,000 National defender members to the border.
On the same day, Canadian Prime Minister Justin Trudeau reported a conversation with the president of the United States. Canada has undertaken to strengthen its border in exchange for a 30-day postponement of the imposition of duties.
Unlike Mexico and Canada, China failed to scope an agreement with Washington. As a result, at 6 a.m. Polish time American duties of 10% on Chinese imports entered into force.
Shortly thereafter, Beijing reported the imposition of retaliatory duties on various American products, including 15% for coal and 10% for oil. The trade conflict between the 2 world's largest economies continues to increase, raising concerns about its impact on global economics.
