US president-elect Donald Trump has said he will impose an extra 10 per cent tariff on goods from China and a tariff of 25 per cent on all products from Mexico and Canada, saying the additional levies will force America's neighbours to do more to stop migrants and illegal drugs flowing across the country's borders.
The announcement sparked a dollar rally. It rose 1 per cent against the Canadian dollar and 2 per cent against the Mexican peso, while share markets in Asia fell, as did European equity futures.
In posts to his Truth Social network late on Monday, Mr Trump claimed China failed to follow through on promises to institute the death penalty for traffickers of fentanyl.
“Drugs are pouring into our country, mostly through Mexico, at levels never seen before,” Mr Trump wrote. “Until such time as they stop, we will be charging China an additional 10 per cent tariff, above any additional tariffs, on all of their many products coming into the United States of America.”
He outlined the tariffs against Mexico and Canada in a separate post, noting the 25 per cent tariff would be on “all products". He said he would sign an executive order on his first day in office.
Mr Trump’s tariff threats highlight how the incoming president aims to use trade levies to introduce his policy agenda, despite concerns from some business leaders about the impact. It comes days after he picked pro-tariff billionaire Scott Bessent as the next US treasury secretary.
Mr Trump campaigned on pledges to introduce sweeping tariffs on allies and adversaries alike, vowing to increase tariffs to 60 per cent for all goods imported from China and to 20 per cent for those brought in from the rest of the world – policies he says will help pressure companies to restore manufacturing jobs in the US and raise revenue for the federal government.
The Republican has long said he favours tariffs as a negotiating tool, even with US partners, and during the presidential campaign, he mused about replacing the federal income tax with revenue from tariffs. Most mainstream economists though have warned that Mr Trump’s levies would raise prices for consumers, fuelling already high inflation and redirecting or reducing trade flows.
A 25 per cent tariff applied to all imports from Canada would put pressure on energy costs. Oil, gas and other energy products are Canada’s largest exports to its southern neighbour – it is by far the largest external supplier of crude to the US. Wilbur Ross, Mr Trump’s former commerce secretary, said this month that duties on Canadian energy would raise prices for Americans and do little to grow US jobs.
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Dust and sand storms compared
Sand storm
- Particle size: Larger, heavier sand grains
- Visibility: Often dramatic with thick "walls" of sand
- Duration: Short-lived, typically localised
- Travel distance: Limited
- Source: Open desert areas with strong winds
Dust storm
- Particle size: Much finer, lightweight particles
- Visibility: Hazy skies but less intense
- Duration: Can linger for days
- Travel distance: Long-range, up to thousands of kilometres
- Source: Can be carried from distant regions
UAE currency: the story behind the money in your pockets
Honeymoonish
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The specs
AT4 Ultimate, as tested
Engine: 6.2-litre V8
Power: 420hp
Torque: 623Nm
Transmission: 10-speed automatic
Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)
On sale: Now
The candidates
Dr Ayham Ammora, scientist and business executive
Ali Azeem, business leader
Tony Booth, professor of education
Lord Browne, former BP chief executive
Dr Mohamed El-Erian, economist
Professor Wyn Evans, astrophysicist
Dr Mark Mann, scientist
Gina MIller, anti-Brexit campaigner
Lord Smith, former Cabinet minister
Sandi Toksvig, broadcaster
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Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
Director: Joseph Kosinski
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Gothia Cup 2025
4,872 matches
1,942 teams
116 pitches
76 nations
26 UAE teams
15 Lebanese teams
2 Kuwaiti teams
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Pox that threatens the Middle East's native species
Camelpox
Caused by a virus related to the one that causes human smallpox, camelpox typically causes fever, swelling of lymph nodes and skin lesions in camels aged over three, but the animal usually recovers after a month or so. Younger animals may develop a more acute form that causes internal lesions and diarrhoea, and is often fatal, especially when secondary infections result. It is found across the Middle East as well as in parts of Asia, Africa, Russia and India.
Falconpox
Falconpox can cause a variety of types of lesions, which can affect, for example, the eyelids, feet and the areas above and below the beak. It is a problem among captive falcons and is one of many types of avian pox or avipox diseases that together affect dozens of bird species across the world. Among the other forms are pigeonpox, turkeypox, starlingpox and canarypox. Avipox viruses are spread by mosquitoes and direct bird-to-bird contact.
Houbarapox
Houbarapox is, like falconpox, one of the many forms of avipox diseases. It exists in various forms, with a type that causes skin lesions being least likely to result in death. Other forms cause more severe lesions, including internal lesions, and are more likely to kill the bird, often because secondary infections develop. This summer the CVRL reported an outbreak of pox in houbaras after rains in spring led to an increase in mosquito numbers.
THE LIGHT
Director: Tom Tykwer
Starring: Tala Al Deen, Nicolette Krebitz, Lars Eidinger
Rating: 3/5
Kanguva
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Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley
Specs
Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request
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The specs: 2018 Nissan Patrol Nismo
Price: base / as tested: Dh382,000
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Gearbox: Seven-speed automatic
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UAE - India ties
The UAE is India’s third-largest trade partner after the US and China
Annual bilateral trade between India and the UAE has crossed US$ 60 billion
The UAE is the fourth-largest exporter of crude oil for India
Indians comprise the largest community with 3.3 million residents in the UAE
Indian Prime Minister Narendra Modi first visited the UAE in August 2015
His visit on August 23-24 will be the third in four years
Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, visited India in February 2016
Sheikh Mohamed was the chief guest at India’s Republic Day celebrations in January 2017
Modi will visit Bahrain on August 24-25
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