- cross-posted to:
- politics@beehaw.org
- cross-posted to:
- politics@beehaw.org
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.
i come from a tariff heavy country. you want a sneak peak? inflation. shit is gonna get more expensive. that’s it
No no no he is going to stop all taxes, pay off the national debt, bring manufacturing back to the US, and build a Nazi mars base for Elon.