The president also suggested he still plans to impose new tariffs on China but did not give any details.

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.

  • @the_tab_keyEnglish
    22•1 month ago

    Part of me thinks this is so they have an easy way to drop prices after people get used to everything costing more

    Trump is running the US the same way I ran my cities in SimCity2000

    • @kallebooEnglish
      4•1 month ago

      “Oooh it’s December, time to raise taxes to 20%. Ok January again, lowering taxes to 0%. The people love me!”