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.

  • CitizenKong@lemmy.worldEnglish
    3·
    1 day ago

    Yep, Vance is in a way more dangerous than Trump. Trump might throw wrenches in the fascists’ plans by either blurting them out proudly thinking it was his idea or by being too afraid of being unpopular (which he is obviously obsessed with) and taking back some of the changes due to public pressure. Vance on the other hand will be just a hand puppet for Putin and/or Musk.