- cross-posted to:
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- cross-posted to:
- [email protected]
Summary
Trump announced that 25% tariffs on imports from Canada and Mexico will take effect on February 1, though a decision on including oil remains pending.
He justified the move by citing undocumented migration, fentanyl trafficking, and trade deficits.
Trump also hinted at new tariffs on China.
Canada and Mexico plan retaliatory measures while seeking to address U.S. concerns.
If oil imports are taxed, it could raise costs for businesses and consumers, potentially contradicting Trump’s pledge to reduce living expenses.
Translation: “We’re going to artificially increase the prices of our competitors’ products so the American ruling class can profit off of giving Americans a worse deal.”
Yes, but i don’t believe trump KNOWS that. Instead he’s been told to do this.