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.
He wasn’t even really saying anything from I could tell. His surrogates did most of the promising from I could tell.
But he actually did promise tariffs. All the economic experts said it would be bad. Team Trump was just all “experts? What do they know!”
People are getting what they voted for.