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NewsTranscript
00:00Since today, the increase of tariffs in America is effective in China.
00:04One of the things it promised to do is to counter the entry of drugs in their country.
00:09As for China, the increase of tariffs is still there.
00:12Let's witness it.
00:17When US President Donald Trump took office on January 20,
00:22he was one of the first to reduce the implementation of tariffs in Canada, Mexico, and China.
00:27The reason is the entry of fentanyl in America,
00:32which is one of the leading sources of drug overdose deaths there.
00:36We're thinking in terms of 25% on Mexico and Canada
00:40because they're allowing vast numbers of people.
00:44Canada is a very bad abuser also.
00:46Vast numbers of people to come in and fentanyl to come in.
00:49We're thinking about that too.
00:51We're talking about a tariff of 10% on China
00:54based on the fact that they're sending fentanyl to Mexico and Canada.
00:58In 2024, Mexico, Canada, and China will be the three largest trading partners of America.
01:0477% of Mexican imports and 84% of Canadian exports will go to America.
01:11Under Trump's executive orders, starting on February 4,
01:1625% of imports from Canada and Mexico should be allowed.
01:23Energy exports from Canada should be allowed by 10%.
01:28Imports from China should also be allowed by 10%.
01:33The three countries agreed on the tariff increase.
01:37Canada also announced a 25% tariff increase
01:41on more than US$100 billion in American products.
01:45After talking to the leaders of Canada and Mexico,
01:49Trump also suspended for 30 days the implementation of the tariff increase in the two countries.
01:55That was after Canada and Mexico agreed to strengthen their border control.
02:01Canada will implement their $1.3 billion border plan.
02:06Choppers and people will be added to the border to stop the entry of fentanyl.
02:12They will also use fentanyl czar.
02:15Mexico promised to send 10,000 National Guard troops to the U.S. border
02:21to stop the entry of drugs in America.
02:24America also promised that it will help prevent the proliferation of high-caliber weapons in Mexico.
02:30But the tariff increase announced for China continues.
02:35And Trump said that it may increase.
02:38China's response was a 10-15% increase in various U.S. exports
02:44such as coal and crude oil since February 10.
02:47America has a problem with the issue of fentanyl.
02:51They will also question the increase in the World Trade Organization.
02:56According to the White House, Trump will talk to Chinese President Xi Jinping in the coming days.
03:03In the midst of this, the so-called universal tariff on all products imported by America is floating.
03:10According to the Financial Times,
03:12Treasury Secretary Scott Besant is pushing for a 2.5% universal tariff that can be gradually increased.
03:21If this continues, it may affect the Philippines,
03:25especially since America is its major trading partner, according to the DTI.
03:30The Philippines is ready to talk to America about this.
03:34For GMA Integrated News, I'm Mark Salazar.
03:38Your Saksi.