Trump started appearing in his true colors, told which file he will sign first on January 20

Washington: America's new President Donald Trump has now come into his own glory. He is constantly making announcements about his work. Trump has made another big announcement. Trump has announced that he will impose a 25 percent tax on goods coming from Mexico and Canada in response to the illegal drug trade and immigration. Also, 10 percent tax will be imposed on imports from China. Additionally, in several posts on his Truth Social social media account, Trump has vowed to impose blanket taxes on some of America's biggest trading partners on all goods entering the country. He wrote in his post, “On January 20, as one of my first executive orders, I will impose a 25% tax on all products coming into the US from Mexico and Canada and all required documents at its ridiculously open borders. I will sign.” Read- Wrinkles started appearing on the forehead of Trump's opponents! One has decided to withdraw the case, but why? Why is Trump saying this? In another post a short time later, the US President-elect said he would not impose "any additional taxes" on all Chinese products entering the US in response to its failure to combat fentanyl smuggling. In addition to this, 10 percent tax will be imposed. Taxes are a key part of Trump's economic agenda, with the Republican president-elect vowing to impose sweeping tariffs on allies and opponents alike during the election campaign ahead of his November 5 victory. Many economists have warned that the tax would hurt growth and increase inflation, because the tax is paid primarily by importers bringing goods into the US, who often pass those costs on to consumers. But people close to Trump have insisted that the tax is a useful bargaining chip for the US that it can use to get its trading partners to agree to more favorable terms and bring manufacturing jobs back from overseas. Tags: Donald Trump, US NewsFIRST PUBLISHED : November 26, 2024, 08:15 IST


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