President Trump's threats to Mexico, Canada and China take effect on Saturday night.
Through a wholesale tariffs on Mexico and Canada, Trump has adopted a more aggressive strategy than his first government than his first government. At that time, he adopted a more targeted method, such as steel and aluminum. At present, China only collects 10 % tariffs.
This time, although oil and natural gas seem to be exempted, tariffs seem to apply to most categories. Trump told reporters on Friday that he was already building the next round of tariffs.
"We will levy tariffs on oil and natural gas. This will happen soon. Considering it around February 18, we will impose a lot of tariffs on steel." Trump joked from the White House on Friday.
When the tariff was announced on Saturday, the White House added that the measures increased the "retaliation clause".
The White House said: "Therefore, if any country chooses to retaliate in any way, the signal will take further action to increase tariffs."
According to Canadian energy regulatory agencies, tariffs on petroleum will have the greatest impact on Canada, and Canada sends 97 % of all its crude oil exports to the United States to the United States. Trump also suggested that on Friday, he will tariff China's micro -chip in the next round of tariffs, which has strengthened trade obstacles to the technology of artificial intelligence races.
Gregory Daco, chief economist of Ernst and Yang, said that tariffs on large -scale trading partners in the United States, Mexico and Canada will have serious economic consequences on economic consequences. " It is both a higher inflation environment and a lower environmental growth environment due to the importance of trade with these two economies. "
He added: "We tend to consider that goods are car products, furniture products and these types of heavy equipment products. But we should not forget that we have also carried out a lot of trade in agriculture. Therefore, we can see the price of meat prices. Pressure up, upward pressure on dairy products. These are categories of consumer wallets directly.
After meeting with chip manufacturer NVIDIA CEO Jensen Huang, Trump said: "In the end, we will put tariffs on chips." In addition, he provided some details.
The United States has implemented export control that limits the highest power micro chip, because American companies such as OpenAi are trying to get rid of AI challenges such as Chinese applications such as Deepseek.