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.

  • fine_sandy_bottomEnglish
    1·
    7 hours ago

    Exactly. No one is thinking “right this is our big chance to build a toothbrush factory”.

    Setting aside the tariffs on the production line you need to buy from China…

    All your precursor would need to come from China anyway.

    Couple that with the cost of maintaining local safety regs and I’d be surprised if you could put a product on super market shelves thats cheaper than the tariffed one.