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Trump to Hit Canada, Mexico With 25% Tariffs on Saturday

  • US President Donald Trump announced plans to impose 25% tariffs on Canada and Mexico starting February 1, 2025, to address illegal immigration and drug smuggling issues, particularly fentanyl.
  • Trump warned BRICS nations against creating a new currency to replace the US dollar, threatening 100% tariffs if they proceed.
  • Despite the threat of tariffs, Trump expressed no concern about potential negative impacts on the US economy from these import taxes.
  • Canada and Mexico are awaiting Trump's decision on whether to include oil in the tariff plan, with the US importing significant amounts of oil from both countries.
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  • 43% of the sources are Center
42% Center
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