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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.
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 Treasury's adopted rules were first published in 65 FR 41336 as "Reporting and Procedures Regulations; Foreign Narcotics Kingpin Sanctions Regulations" on July 5, 2000 [9] As of February 2022, 2,182 individuals and entities have been added to the Counter Narcotics Trafficking Sanctions list. [10]
According to OFAC, there are approximately 12,000 names on the Specially Designated Nationals and Blocked Persons List (SDN) list, [13] which is the most restrictive category of targeted U.S. sanctions, targeting U.S.-designated terrorists, officials and beneficiaries of certain authoritarian regimes, and international criminals (e.g. drug ...
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 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]
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 ...