What is a price and why does Donald Trump presents them? – News 4 News

President Trump’s prices against China are now in place after being announced this weekend, while Canada and Mexico have managed to be delayed by one month.

This decision sparked fears of a world trade war and concerns concerning prices potentially imposed in the United Kingdom and the EU.

So what are the prices and why did President Trump introduce them?

Factcheck takes a look.

What is a price, in which country Donald Trump imposes them on and why?

Prices are taxes billed on goods imported from other countries, companies that import goods from abroad paying these prices to the United States government.

But economists have said that these additional costs are generally reflected in the consumer thanks to higher prices.

Trump argued that the taxation of prices will help reduce illegal migration and smuggling of the synthetic opioid in the United States.

According to the national CDC health statistics center, overdose deaths from synthetic opioids (mainly fentanyl) decreased in 2023 compared to 2022.

The American president said the Chinese government provides a “safe refuge” to criminal organizations. In Mexico, he said that drug traffickers and the country’s government “have an intolerable alliance” which has an impact on national security.

The American president also said that Mexican drug cartels were running in Canada.

A report from the Canada Financial Transactions and Reports Center reported that “law application reports identify the presence of fentanyl from groups of Mexican organized crimes in the Canadian drug supply”, and that “Canadian intelligence suggests that fentanyl is sometimes smuggled next to cocaine and methamphetamine from Mexico to Canada in commercial motor vehicles.”

The report added that “the extent and nature of this criminal foray into Canada are not fully understood”.

Trump therefore imposed a 10% burden on goods imported from China, which has just come into force. The Chinese Ministry of Commerce responded with a 15% rate on imports of American coal and natural gas products in retaliation, as well as a 10% tariff on crude oil, agricultural machines and high movement cars . Beijing has also announced an antitrust survey on Google.

On February 1, Trump announced his intention to introduce a 25% rate on the goods shipped from Canada and Mexico, the two countries claiming that they would present their own prices in return.

But, following an appeal with the president of Mexico, Claudia Sheinbaum, Trump agreed to postpone the prices after proposing to send 10,000 of the country’s troops to his border with the United States.

And after the interviews with the American president, the Prime Minister of Canada Justin Trudeau said that he was implementing a $ 1.3 billion border plan, would appoint a fentanyl political advisor and list criminal drug organizations – called Drug cartels – under the name of terrorists.

Will Donald Trump impose prices in the United Kingdom or the EU?

The new prices have aroused fears of a world trade war and the concerns that the American president will impose prices elsewhere.

Trump said the prices on EU’s goods will occur “definitively”, but have suggested that he think that an agreement can be “concluded” to avoid imposing prices in the United Kingdom.

When asked for the BBC on February 3 if it will target the United Kingdom with prices, Trump said: “The United Kingdom is offline, but I’m sure it … I think that we can be developed. “

The American president also said that discussions with Keir Starmer were “very kind,” adding: “We had some meetings. We have had many phone calls. We get along very well.

The Prime Minister’s official spokesperson have been asked if Sir Keir thinks he can trust Trump to keep his word.

“Yes, the Prime Minister had a very constructive start of conversations with President Trump, and is eager to work with him to deepen our trade, investment, security and defense relations,” he said.

(Image Credit: Andrew Leyden / Zuma Press Wire / Shutterstock)