(Tyler Durden Reports) – Just when you thought his choice of Scott Bessent as Treasury Secretary had tamped down the market’s “tariff tensions”, President-Elect Trump reminded everyone who is in charge [] with drugs and open borders as his main focus.
In a statement on his Truth Social account, Trump swung the hammer against Mexico, Canada…
“As everyone is aware, thousands of people are pouring through Mexico and Canada, bringing Crime and Drugs at levels never seen before.
Right now a Caravan coming from Mexico, composed of thousands of people, seems to be unstoppable in its quest to come through our currently Open Border.
On January 20th, as one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25% Tariff on ALL products coming into the United States, and its ridiculous Open Borders.
This Tariff will remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country! Both Mexico and Canada have the absolute right and power to easily solve this long simmering problem.
We hereby demand that they use this power, and until such time that they do, it is time for them to pay a very big price!”
…and of course China…
“I have had many talks with China about the massive amounts of drugs, in particular Fentanyl, being sent into the United States – But to no avail.
Representatives of China told me that they would institute their maximum penalty, that of death, for any drug dealers caught doing this but, unfortunately, they never followed through, and drugs are pouring into our Country, mostly through Mexico, at levels never seen before.
Until such time as they stop, we will be charging China an additional 10% Tariff, above any additional Tariffs, on all of their many products coming into the United States of America.
Thank you for your attention to this matter.”
As a reminder, Fentanyl, the powerful synthetic opioid, has been linked to around 100,000 deaths annually in the United States, with much of the flow of the deadly drug coming from south of the border.
A damning report released earlier this year by the U.S. House Select Committee on Strategic Competition between the United States and the Chinese Communist Party found that the Chinese regime was facilitating the proliferation of fentanyl in the United States.
Additionally, Trump has previously vowed to end China’s most-favored-nation trading status and impose tariffs in excess of 60 percent on China-made goods.
The initial reaction to Trump’s threatening posts was a surge higher in the dollar, erasing the weekend’s losses (following Bessent’s appointment) with the peso and loonie both tumbling along with the offshore yuan…
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