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.
True.
I just hope Canada and Mexico and… Well everybody can bounce back and start producing locally. I’m already boycotting made in America starting this week. I’ll miss my orange juice, but fuck it. Il drink apple juice instead.
I hope so too, but it looks like he’s starting to gut everything and break the nepotism world record. I think he’s trying to force a depression to give the rich yet another opportunity to scrape up that last .05% of ownership they missed when they did this shit last time.