Trump says Canada and Mexico to be hit with 25% tariffs on Saturday
Trump says Canada and Mexico to be hit with 25% tariffs on Saturday
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.
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As an American, I'm loving this... Really. Its high time we feel the pain we've inflicted on other countries. Our "comeuppance" if you will.
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.
Maybe then, enough people will see the guillotine as a good solution.
When the people can't even afford the lumber to make the guillotines, what do we do then?
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!
If empty platitudes could strike down the bourgeois, you'd be the greatest hero our world has ever known.