Trump tariffs: Canada, Mexico and China face import taxes on Saturday, White House says
www.bbc.com
The White House press secretary says the duties are in response to the drug fentanyl coming over US borders.

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.

  • prodajvodapavel@aggregatet.orgEnglish
    222·
    15 hours ago

    but I’m sure it’s mostly just trying to destroy the the US’s relationship with it’s most important allies.

    Close, but no cigar.

    As usual, it’s to make the American ruling class richer. That’s all. Full-stop.

    Let’s stop distracting ourselves from it 🙂

    • Hegar@fedia.io
      4·
      6 hours ago

      Its very possible to enrich corrupt elites without taking an axe to the US’s strategic position. That would be preferable for securing the wealth of the ruling class in the future.

      Of course they want to make the rich richer, but this level of systemic destruction isn’t the most efficient way to do that. The damage is clearly part of the goal.

      • deadbeef79000@lemmy.nzEnglish
        1·
        2 hours ago

        Its very possible to enrich corrupt elites without taking an axe to the US’s strategic position.

        Yes. But not for a very stupid easily manipulated “businessman”.