India averts first set of Trump tariffs that hit China, Mexico and Canada from Feb 1
China, Mexico, and Canada are the top contributors to the US trade deficit, with China contributing the highest at 30.2 per cent, Mexico 19 per cent, and Canada 14 per cent. India did not find a mention in the first set of tariffs that US President Donald Trump announced on Friday. Trump imposed 25 per cent tariffs on Mexico and Canada, and 10 per cent on China, on the grounds of a “high trade deficit”, effective from February 1. China, Mexico, and Canada are the top contributors to the US trade deficit, with China contributing the highest at 30.2 per cent, Mexico 19 per cent, and Canada 14 per cent, according to the Research and Information System (RIS). “We have big deficits with all three of them. And in one case, they’re sending massive amounts of fentanyl, killing hundreds of thousands of people a year with fentanyl. And in the other two cases, they’re making it possible for this poison to get in. We have about a $200 billion deficit with Canada… and a $250 billi...
