Trump tariffs: President to hit Canada, Mexico and China with tariffs
www.bbc.com
Canadian oil will be hit with a lower levy of 10%, likely by mid-February, President Trump says.

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.

  • fine_sandy_bottomEnglish
    2·
    15 hours ago

    Everyone so god damn snarky on Lemmy.

    I don’t “honestly think” that. I don’t really have an opinion. I’m just explaining the article to you.

    • SpaceCowboy@lemmy.caEnglish
      1·
      15 hours ago

      I dunno, maybe something to do with the possibility of millions of people in my country losing their jobs because some dumbass in the US is pushing an agenda has made me snarky towards people exploiting it as an opportunity to push their own bullshit agenda.