Asian-News.net is your go-to online destination for comprehensive coverage of major news across Asia. From politics and business to culture and technology, we bring you the latest updates, deep analyses, and critical insights from every corner of the continent. Featuring exclusive interviews, high-quality photos, and engaging videos, we keep you informed on the breaking news and significant events shaping Asia. Stay connected with us to get a 24/7 update on the most important stories and trends. Our daily updates ensure that you never miss a beat on the happenings in Asia's diverse nations. Whether it's a political shift in China, economic development in India, technological advancements in Japan, or cultural events in Southeast Asia, Asian-News.net has it covered. Dive into the world of Asian news with us and stay ahead in understanding this dynamic and vibrant region.

Contacts

  • Owner: SNOWLAND s.r.o.
  • Registration certificate 06691200
  • 16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
  • Czech Republic

Trump’s tariffs to shatter North American trust and norms

The incoming Republican administration of Donald Trump has threatened to impose a 25% tariff on all products from Canada and Mexico on the first day of his presidency — January 20, 2025.

Canada says it will continue to work with the United States on trade issues while Mexico has hinted at retaliation. The tariffs would be devastating to both the Canadian and Mexican economies, which depend heavily on trade with the US for their economic well-being.

The two targeted governments would in fact be forced to respond with retaliatory tariffs targeting American goods, creating economic carnage in all three countries.

Would these tariffs be legal?

“Are these tariffs legal?” is a natural question to ask. Simply put, no.

In a typically hyperbolic, randomly capitalized post on his Truth Social platform, Trump writes that he will impose “a 25% Tariff on ALL products coming into the United States, and its ridiculous Open Borders. This Tariff will remain in effect until such time as Drugs, in particular Fentanyl and all Illegal Aliens stop this Invasion of our Country!”

The North American Free Trade Agreement (NAFTA) replacement that Canada, Mexico and the United States negotiated — under American duress six years ago — contains a clause stipulating that the deal doesn’t stop any of the three countries “from applying measures that it considers necessary for … the protection of its own essential security interests.”

But any attempt to invoke that clause would be so obviously a pretext that it’s laughable. As economist Paul Krugman notes, the US Department of Commerce’s rules don’t allow for the clause to be used to coerce other countries into action; the tariffs have to be linked to an effect on a particular industry.

So, no. The

Read more on asiatimes.com
DMCA