- cross-posted to:
- politics@beehaw.org
- cross-posted to:
- politics@beehaw.org
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.
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.