Trump says he will follow through on Canada and Mexico tariffs and reveals date he expects them to start [View all]

Source: The Independent

Tuesday 21 January 2025 13:54 EST


Tariffs of 25 percent could hit goods from Mexico and Canada entering the U.S. as soon as next month, Donald Trump announced on Monday while signing executive orders, signaling the beginning of a potential trade war that could have major effects on the U.S. economy.

Trump claimed in the Oval Office that Mexico and Canada are “allowing vast numbers of people” and fentanyl to cross their borders into the U.S. “We’re thinking in terms of 25 percent on Mexico and Canada because they’re allowing vast numbers of people [into the U.S.],” Trump said, arguing both countries were allowing fentanyl to enter the U.S. as well.

The president said he thinks the tariffs will start on February 1. If implemented, the tariffs would impact major economic sectors, including the auto industry, oil production, and agriculture. Trump’s announcement makes good on a campaign trail threat from November to hit both countries with tariffs.

Officials in Canada and Mexico have suggested they could take retaliatory measures, while nonetheless urging Trump to change course.

Read more: https://www.the-independent.com/news/world/americas/us-politics/trump-tariff-mexico-canada-start-date-b2683746.html