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Trump says tariffs on Canada and Mexico ‘will go forward’

  • President Donald Trump announced that tariffs on Canada and Mexico will begin next month, ending a monthlong suspension.
  • The tariffs are set at 25% for most goods from Mexico and 10% for Canadian energy products, aiming to pressure these countries to address illegal immigration and drug smuggling.
  • Most economists predict that consumers and manufacturers will bear the costs of the tariffs, impacting economic growth.
  • Trump believes the import taxes will generate revenue and create jobs.
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  • 47% of the sources are Center
47% Center
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Portfolio.hu broke the news in on Monday, February 24, 2025.
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