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The Trump administration is billing the new tariffs on Mexico, Canada and China as critical to preventing fentanyl and other drugs from pouring across the U.S. border, rather than a step in an ...
Executive Order 14059, officially titled Imposing Sanctions on Foreign Persons Involved in the Global Illicit Drug Trade, was signed on December 15, 2021, and is the 75th executive order signed by U.S. President Joe Biden. The telos of the order is to enforce sanctions upon foreigners involved in global illicit drug trade.
Tariffs would likely have major impact on U.S. economy and North American trade agreement ... steps to curb what he described as unacceptable flows of drugs and migrants into the U.S. across their ...
Experts think medical supplies and devices could be excluded from the tariffs. Drug pricing is the final key issue facing the health sector in 2025, but analysts expect this won't actually come to ...
The comments mark the latest in a number of trade-related threats unleashed by Trump in recent days. Trump said he plans to impose tariffs on imported computer chips without providing details.
The tariffs would also cause risk to the U.S. farming and fishing industries. [8] The tariffs pose a risk of "severe recession" in Mexico if maintained. [4] A year-long 25 percent tariff could cause Mexican exports to fall by around 12 percent, ultimately leading to a 4 percent decline in the country's gross domestic product in 2025. [10]
The president has in recent weeks promised to impose tariffs on all foreign-made medications, a move intended to encourage drug companies to return more of their manufacturing to the US.
The White House on Feb. 1 announced a 10% tariff on Chinese imports, as well as a 25% tariff on goods from Canada and Mexico, in response to “the extraordinary threat posed by illegal aliens and ...