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.

  • Steve DiceEnglish
    52•1 month ago

    Someone make this into that Gru meme:

    1. Slap a 25% tarrif on goods coming from your 3 biggest economic allies
    2. Economy will strengthen due to American consumers preferring American made alternatives
    3. There are no American made alternatives
    4. There are no American made alternatives
    • JackbyDevEnglish
      11•1 month ago

      If they really wanted this to work it should be something like a steadily increasing tariff over time instead of 25% right off the bat. But I don’t think they really care about it working as intended.

      • @braxy29English
        4•1 month ago

        i gotta be honest, i’m not entirely sure what is intended. this decision doesn’t make sense to me!

    • @[email protected]English
      4•1 month ago

      And even if there were American made alternatives, they’d still be more expensive than importing.

      Enjoy your higher prices, suckers.