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.

  • NιƙƙιDιɱҽʂEnglish
    3•3 hours ago

    Unfortunately, it’s just going to become another massive wealth transfer when those that have the means buy ups heaps of cheap stock after the resulting market downturn.

      • @Warl0k3English
        2•1 hour ago

        When the people can’t even afford the lumber to make the guillotines, what do we do then?

        • @[email protected]English
          1•1 hour ago

          We take the lumber…

          There is strength in numbers, and in solidarity! They cannot kill us all, because they need us more than we need them!

          • @Warl0k3English
            1•31 minutes ago

            If empty platitudes could strike down the bourgeois, you’d be the greatest hero our world has ever known.