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.

  • KoboldCoterie@pawb.social
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    18 hours ago

    If oil imports are taxed, it could raise costs for businesses and consumers, potentially contradicting Trump’s pledge to reduce living expenses.

    Does anyone honestly think Trump meant anything he said while he was campaigning? It was obviously all just saying what people wanted to hear. He basically said as much himself. Pretending otherwise is just legitimizing lies and propaganda.

    • nieminen@lemmy.world
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      5 hours ago

      He meant everything he said when he was in those closed door meetings with his investors and sycophants.

    • LadyMeow@lemmy.blahaj.zone
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      17 hours ago

      Yes, he meant several things while campaigning. Like destroying trans peoples lives, freeing nazis, and punishing those who deigned to attempt to hold him accountable for his many crimes. Oh also for destroying climate protections, deporting brown people, shall I go on? All the things like lowering prices? No absolutely not. That would benefit regular Americans and not hurt minorities, so it doesn’t make the list

    • Damionsipher@lemmy.world
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      16 hours ago

      It might not matter weather or not he targets oil. We Canadians understand how important our energy supply is to the US and we’re willing to cut that supply of as a bargaining tool. This is where the find out happens following the fucking around.

    • Cyborganism@lemmy.ca
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      17 hours ago

      He’s just basically doing the same thing as trying to make Mexico pay for the border wall.

      • chingadera@lemmy.world
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        16 hours ago

        But he’s not, because tariffs are going to come out of the consumers pocket, not the country they’re imposed on. They can start to introduce incentives to produce those same things here, but a lot of them are imported for a reason like availability or established industries within those countries or processing capabilities. This will fuck Americans up exponentially worse and create yet another thing for corporations to hide behind when gouging prices long before those countries see any real difference in their own revenue streams.

        • Cyborganism@lemmy.ca
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          15 hours ago

          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.

          • chingadera@lemmy.world
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            15 hours ago

            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.

        • Cyborganism@lemmy.ca
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          45 minutes ago

          That’s a really good explanation and I wish more Americans had this knowledge before they voted.