However, the trade war is giving some breathing space for Mexico as President Trump focuses on Europe, and the delay in imposing tariffs by the U.S. President for a month on imports from Mexico took place after the conversation with Mexican President Andrés Manuel López Obrador. Some of the subjects they discussed were sending more troops to make the border secure. Meanwhile, Trump is also considering the imposition of tariffs on imports from the European Union, citing the fact that the U.S. has been treating American-made goods unfairly. Trump's next step is to increase tariffs on products from the European Union, citing an imbalance in which the U.S. buys European products, but Europe levies tariffs on American goods.
His statements indicate that if the EU does not act, tariffs will be raised, which could lead to significant economic consequences, including higher prices for consumers. Trump has also mentioned a possible retaliation against South Africa, while also announcing that there could be consequences for Canada, as well as for their local industries. The Prime Minister of Canada, Justin Trudeau, asked the people to favor local goods in order to decrease imports from America. Consequently, many firms are now marketing products made in Canada, and a few retail shops have boycotted American goods. People have also canceled trips to America in view of the tense political environment.
Economic analysts have warned that a continued trade war may reduce the growth in the U.S. and induce inflation. The concern is also evident in Asian and European stock markets, which have declined in response to the threats of Trump's tariffs. However, Trump argues that the tariffs are required to protect U.S. interests.
The fight against illegal drugs is also getting a boost from the rising tariffs and trade tensions.
The U.S. president blames China as the major player in the flow of fentanyl into the U.S. through Mexico, thus indirectly fueling the drug trade that has brought devastating consequences. The U.S. has already imposed tariffs on China's exports, especially targeting the illegal fentanyl trade. An American administration has reportedly said that while cartels across the border from Mexico are spreading the drug and the government takes steps to stem these activities. The U.S. still can't stop the flow of fentanyl despite trying to do so, which results in rising overdose deaths. It is being produced in China and Mexico, yet it continues spreading across the U.S. and Canada, which makes it a global issue. Trump's action is putting pressure on these countries, but according to experts, more needs to be done to curb the epidemic.
This intricate web of trade and drug issues highlights the relationship between international markets, border security, and public health challenges. While tariffs are one strategy, there is recognition that deeper, cooperative efforts across borders are necessary to address the full scope of the problems.