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25% Tariffs on Canada and Mexico Coming Today, Says Donald Trump
The New Indian Express Shivamogga
|February 01, 2025
Considering similar measure against China too for sending fentanyl into the US: Prez
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US President Donald Trump has announced plans to impose on Saturday a 25 percent tariff on Canada and Mexico, its two neighboring countries, and is also considering a similar measure against its largest trading partner China.
Trump said he would make a decision on Thursday night about whether to include oil in the list of tariffed items.
"We will be announcing the tariffs on Canada and Mexico for a number of reasons," the president told reporters in the Oval Office of the White House on Thursday.
He cited illegal immigration, smuggling of drugs and the massive subsidies that the US gives to Canada and Mexico in the form of deficits as the reasons for the tariffs.
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