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Republican presidential candidate Donald Trump said Monday he would impose a 200 percent tariff on John Deere imports if the farm equipment company moves its production to Mexico.
Republican presidential candidate Donald Trump said Monday he would impose a 200 percent tariff on John Deere imports if the farm equipment company moves its production to Mexico.
“As you know, a few days ago they announced that they were going to move a lot of their manufacturing business to Mexico,” Trump said at an event on agriculture and China in Pennsylvania.
“I just notified John Deere right now that if they do this, we will impose 200% rate “anything they want to sell to the United States.”
Lael Brainard, the White House’s top economic adviser, on Monday outlined President Joe Biden’s administration’s sweeping plan to protect the U.S. auto sector from what it sees as unfair trade practices by China.
“China is flooding global markets with a wave of auto exports because of its own excess capacity. We saw something similar in the China crisis of the early 2000s, which damaged our manufacturing communities, and this administration is determined to prevent a second China crisis,” Brainard told the Economic Club of Detroit.
“That means protections must be taken now, before a flood of unfairly cheap cars undermines the ability of the U.S. auto industry to compete fairly on the global stage,” he added at an event in Detroit.
Relatively few Chinese-made cars and trucks are imported into the United States.
The U.S. Commerce Department on Monday proposed banning Chinese software and hardware in connected vehicles on U.S. roads over national security concerns. The move would effectively bar nearly all Chinese cars from the U.S. market.
“Americans should be able to drive whatever car they choose, whether it’s gasoline, hybrid or electric,” Brainard said. “But if they choose to drive an EV (electric vehicle), we want to make sure it’s made in the United States and not made in China.”
Brainard’s emergence comes at a time when the fate of the auto industry and pressure from China have become major issues in the 2024 presidential election, with Republican candidate Donald trump suggesting that Beijing could dominate car production in the future.
Earlier this month, the Biden administration sharply increased tariffs on Chinese imports, including a 100 percent tariff on electric vehicles, to strengthen protections for strategic industries from China’s state-run industrial practices.
The White House is seeking to ensure that Chinese automakers cannot open factories in Mexico to avoid high tariffs.
“We will need to work with our partners in Canada and Mexico to address China’s EV overcapacity as we prepare for the USMCA midterm review in 2026,” Brainard said of the U.S.-Mexico and Canada trade agreement.
The presidential adviser said U.S. officials are already in talks with officials in Mexico and that they share Washington’s concerns about how China is using Mexico as a platform to export to the United States at artificially low prices, she said. (Reuters).
Source: Aristegui Noticias
As an experienced journalist and author, Mary has been reporting on the latest news and trends for over 5 years. With a passion for uncovering the stories behind the headlines, Mary has earned a reputation as a trusted voice in the world of journalism. Her writing style is insightful, engaging and thought-provoking, as she takes a deep dive into the most pressing issues of our time.
