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.
Yes and then it can be funneled into the pockets of the person who is calling for the tariffs.
It’s weird that everyone is taking the premise of making america great again with tariffs seriously. The reason it doesn’t make sense is because that’s just a distraction to the fact that it’s for personal profit like with everything else.