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why is kriti industries (india) limited (526423) falling ✌️【Hot Stock Recommendations】✌️ Free global stock market data to help you plan the best investment strategies and seize market opportunities. Trump on Mondayvowed hikes in the taxesAmerican companies must pay on goods imported from Mexico, Canada and China starting on his first day in the White House, unless those countries comply with his demands to crack down on migration and drugs flowing into the United States.

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why is kriti industries (india) limited (526423) falling ✌️【Hot Stock Recommendations】✌️ Precise stock market trend predictions with free real-time quotes for India, US, and European stocks. Whether you're looking for short-term gains or long-term growth, our expert advice ensures you make the best investment choices. Trump’s posts Monday on Truth Social appeared to be the opening act in a long-promised trade war with China and North American countries – as well as the latest illustration of how the president-elect plans to force other countries to help the United States stem the flow of migrants and drugs into ports and across borders, as he often vowed on the campaign trail.

It comes despite warnings that tariff hikes, if they come to fruition, could increase inflation. A Goldman Sachs analysis on Tuesday projected that Trump’s proposed hikes would increase the core personal consumption expenditures index — a key inflation gauge that excludes food and energy costs — by 0.9%. And Matt Priest, the president of the leading footwear industry trade group Footwear Distributors & Retailers of America, warned that Trump’s proposed tariffs would “directly increase costs for retailers and consumers, leading to higher prices on everyday essentials like shoes.”

But it’s a strategy that stems from a belief that similar threats worked in Trump’s first term in the Oval Office, the transition official said. During those four years, Trump took a hardline — and at times, scattershot — approach toward Latin America, which was largely the source of migration to the United States. That approach included levying consequences, like sanctions, and threatening and imposing tariffs.

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In 2019, tariff threats ultimately resulted in Mexico giving in to the expansion of one of the Trump administration’s key immigration policies, known as “remain in Mexico,” according to two sources familiar with the matter. The unprecedented policy required migrants to stay in Mexico for the duration of their immigration proceedings in the United States.

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If the talks had dragged out, prominent business lobbies had prepared to sue the Trump administration, alleging that the tariffs were not an adequate response to a non-trade issue.

【 - Free Expert Investment Advice 】 previously reported that Trump’s team is gaming out a similarly aggressive strategy toward Latin America that will be a crucial element to plans to deport migrants and stem migration.

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“Imposing one tariff would mean another comes in response, continuing like this until we put shared companies at risk,” she said.

“For example, some of the largest exporters from Mexico to the United States are General Motors, Stellantis and Ford Motor Company, which arrived in Mexico 80 years ago,” Sheinbaum said. “Why impose a tax that puts them at risk? It’s unacceptable and would cause inflation and job losses in Mexico and the United States.”

On the campaign trail, he frequently pledged to use tariffs as a negotiating tool to bend China and North American countries’ policies to his will.

His advisers have acknowledged privately that tariffs could be more urgently slapped on Canada and Mexico, as Trump seeks to fulfill his campaign pledge to renegotiate his own free trade agreement.

In July, Canada implemented a 3% tax on the profits of large foreign technology companies operating in the country — a move that both President Joe Biden’s outgoing administration and the incoming Trump team view as discriminatory and in violation of a 2018 trade deal between the United States, Canada and Mexico.

During Trump’s first term, the three countries spent more than a year hammering out that deal — the US-Mexico-Canada Agreement — to replace the North American Free Trade Agreement, which went into force in 1994.

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Howard Lutnick — the co-chair of Trump’s transition effort and his pick for Commerce secretary — said in a CNBC interview before the election that “of course” tariffs are a “bargaining chip,” and would help remove barriers to American-made goods in other countries.

“This is just negotiating,” he said. But Lutnick added that Trump wouldn’t seek to slap price-raising tariffs on goods that aren’t made in the United States.

“Do we make a lot of money on tariffs? Or we bring productivity here and we drive up our workers here?” Lutnick said. “So it’s a win-win scenario.”

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