Donald Trump confirms that it will apply a 25% tariff in Mexico and Canada on Tuesday

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Donald Trump, 25 of all imports from Canada and Mexico on Tuesday, the tariffs added that there was no place for the last minute talks and did not want to sell market.

The US S & P 500 stock index fell more than 2 percent in US president’s opinions and fell more than 3 percent of the Nasdaq composition, which is a technological advantage.

Individual shares have worsened, 9.6 percent and energy group conocophyillips with chipmaker NVidia, decreased by 7.6 percent.

Trump’s speech, Secretary of Trading Secretary Howard Lutnick offered to explain the level and time of planned tariffs as “liquid” and clarification of time.

But on Monday afternoon at the White House, Trump He said, “Tariffs, you know, all are set up. They take effect tomorrow.”

The President asked the US plans to introduce steep tariffs to major trade partners asked their concerns about the world’s largest economy.

Trump last month gave an order applied tariffs 25 percent of all imports from Canada and Mexico will reach 10 percent, except for Canadian oil and energy products.

Canada is the largest foreign oil supplier to the United States, about 60 percent of crude imports.

During the days later, Trump and Mexican President Claudia Sheenbaum and Canadian Prime Minister Justin Trudeau followed the last minute diplomacy between Justin Trudeau and postponed the application of tariffs until March 4.

Trump, Canada and Mexico “Tariff” on Monday, said the events will encourage the United States to move more to the United States.

“Thus, it is to build the car plants, openly and other things in the United States, there are no tariffs in this case,” he said.

Last week, Trump threatened to increase additional tariffs to Chinese imports starting on Tuesday.

When asked on Monday, when he asked for Chinese imports, he replied, “I can’t say, it depends on what he did with his currencies… It is a kind of economic revenge.”

Trump added that Beijing did not expect Beijing to “get a lot of revenge”.