Donald Trump announced his first major economic measure: customs duties of 25% on imports from Mexico and Canada, and an increase of 10% for Chinese products. In a post on Truth Social, he justified the taxes by denouncing illegal immigration and fentanyl trafficking, declaring: “It’s time for them to pay the full price!”
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This statement has already caused a reaction. Beijing warns of the devastating effects of a trade war, while in Germany, a minister is already calling for unity in the face of this threat. With these announcements, the future resident of the White House seems in any case determined to reignite international tensions.