China is a major supplier of home textiles to the U.S., and in some categories of business, it is the dominant source for goods. That is particularly true for man-made fiber (MMF) products. Mexico and Canada account for a negligible amount of home textiles imports.
A handful of home textiles categories made in China are excluded from the current tariffs. Earlier this year, those exclusions were extended to May 31, 2025. It is unclear whether the Trump administration plans to continue the exclusion policy.
Posting to his Truth Social page, Trump first singled out Mexico and China:
“On January 20, as one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25% Tariff on ALL products coming into the United States, and its ridiculous Open Borders,” he wrote. “This Tariff will remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country!”
He added that both Mexico and Canada “have the absolute right and power to easily solve this long-simmering problem.”
In a second post, Trump targeted China, saying he’d impose a 10% tariff.
“I have had many talks with China about the massive amounts of drugs, in particular Fentanyl, being sent into the United States – But to no avail,” he wrote. “Representatives of China told me that they would institute their maximum penalty, that of death, for any drug dealers caught doing this but, unfortunately, they never followed through, and drugs are pouring into our Country, mostly through Mexico, at levels never seen before. Until such time as they stop, we will be charging China an additional 10% Tariff, above any additional Tariffs, on all of their many products coming into the United States.”
Notably, Trump didn’t describe any 60% to 100% tariff on China, figures he floated during his 2024 presidential campaign.
Soon after the posts, the Canadian dollar and Mexican peso fell sharply against the dollar.
Also, a spokesman for the Chinese Embassy in Washington posted a response on social platform X.
“China-US economic and trade cooperation is mutually beneficial in nature. No one will win a trade war or tariff war,” wrote spokesman Liu Pengyu, adding that for China to knowingly allowing “fentanyl precursors to flow into the United States runs completely counter to facts and reality.”
According to the Daily Mail, Canadian Prime Minister Justin Trudeau called Trump two hours after the Truth Social posts. The two reportedly had a “constructive conversation.”
Economists and retail groups, including the National Retail Federation, have largely pushed back on these tariffs, with many saying tariffs would increase inflation and take even more money out of the pockets of consumers.
These tariffs would have a substantial impact on America and on world trade at large. Together, China, Canada and Mexico account for more than one-third of all goods and services both imported and exported by the U.S. In 2023, per the NY Times, the three countries purchased more than $1 trillion of U.S. exports and exported nearly $1.5 trillion of product to the U.S.
Bobby Dalheim //Senior Editor of Case Goods and Global Sourcing//November 26, 2024
Washington– President-elect Donald Trump confirmed that he would impose tariffs on China, Mexico and Canada right after assuming office in January.
China is a major supplier of home textiles to the U.S., and in some categories of business, it is the dominant source for goods. That is particularly true for man-made fiber (MMF) products. Mexico and Canada account for a negligible amount of home textiles imports.
A handful of home textiles categories made in China are excluded from the current tariffs. Earlier this year, those exclusions were extended to May 31, 2025. It is unclear whether the Trump administration plans to continue the exclusion policy.
Related: US extends tariff exclusions on some Chinese textiles at the 11th hour
Posting to his Truth Social page, Trump first singled out Mexico and China:
“On January 20, as one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25% Tariff on ALL products coming into the United States, and its ridiculous Open Borders,” he wrote. “This Tariff will remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country!”
He added that both Mexico and Canada “have the absolute right and power to easily solve this long-simmering problem.”
In a second post, Trump targeted China, saying he’d impose a 10% tariff.
“I have had many talks with China about the massive amounts of drugs, in particular Fentanyl, being sent into the United States – But to no avail,” he wrote. “Representatives of China told me that they would institute their maximum penalty, that of death, for any drug dealers caught doing this but, unfortunately, they never followed through, and drugs are pouring into our Country, mostly through Mexico, at levels never seen before. Until such time as they stop, we will be charging China an additional 10% Tariff, above any additional Tariffs, on all of their many products coming into the United States.”
Notably, Trump didn’t describe any 60% to 100% tariff on China, figures he floated during his 2024 presidential campaign.
Soon after the posts, the Canadian dollar and Mexican peso fell sharply against the dollar.
Also, a spokesman for the Chinese Embassy in Washington posted a response on social platform X.
“China-US economic and trade cooperation is mutually beneficial in nature. No one will win a trade war or tariff war,” wrote spokesman Liu Pengyu, adding that for China to knowingly allowing “fentanyl precursors to flow into the United States runs completely counter to facts and reality.”
According to the Daily Mail, Canadian Prime Minister Justin Trudeau called Trump two hours after the Truth Social posts. The two reportedly had a “constructive conversation.”
Economists and retail groups, including the National Retail Federation, have largely pushed back on these tariffs, with many saying tariffs would increase inflation and take even more money out of the pockets of consumers.
These tariffs would have a substantial impact on America and on world trade at large. Together, China, Canada and Mexico account for more than one-third of all goods and services both imported and exported by the U.S. In 2023, per the NY Times, the three countries purchased more than $1 trillion of U.S. exports and exported nearly $1.5 trillion of product to the U.S.
到底是谁傻？
真是感觉不到inflation啊 。
你是何苦呢？
要从大局出发，坚持正义，公平！
不能因小失大，不能因噎废食！
我宁愿少赚，也要把毒品，非法移民拒之美国大门之外
啊哈哈哈。。。。。。。。。。。
啊哈哈哈
人家的话语权
台基电不是在美国设厂了吗？
其他小企业不少吧！
慢慢来！
啊哈哈哈。。。。。。。。。。。
所有这些就为这一个目的。一边增加关税，一边降低国内企业税和个人所得税。里外里就平衡过来。至于制造业会不会回来另说。
上一任，他降低企业税的时候给了企业一个政策。苹果就把几万亿现金调回美国。
这些企业在海外有大量现金。回归本土肯定是利好。
如果共和党可以连任十二年，那么以此政策，十二年后不少制造业回归本土，那就是大利好。
走一步看一步吧。
食品，房租是大头，只要食品和房租下来，关税引起的价格上涨可以忽略不计。
啊哈哈哈。。。。。。。。。
如果个人收入是固定的，买的一些产品涨价，则必导致没有钱去买其它产品，所以没有造成通胀的压力。
新财长的新政是 3-3-3: 削减3%的国债，增长3%GDP（通过减税、减限制），每天增加3百万桶石油和天然气。
我开始怀疑他的能力了 LOL
中国很多企业早就对美国加关税有了防范，有些低成本的产品已经转去了东南亚，甚至非洲地区，以降低风险。
有政策，就有对策，未必有这些经济学家预测的那么可怕
Stop the inflow will release some pressure of all the major cities.
This is the one of the biggest reason why food and rents are so expensive.
是本地生产为啥涨啊？人家西雅图苹果说了墨西哥橘子以前$0.99/磅，现在三块钱一磅，我的苹果以前两块钱一磅，凭什么我的价格还在原处？我不涨我傻啊
你看看现在的物价飞涨就知道为啥了 哈哈哈哈
物价越来越贵
美国只是在寻求Fair Trade。关税只是手段。