Trump to Hit Canada, Mexico With 25% Tariffs on Saturday
- President Donald Trump announced that 25% tariffs on imports from Canada and Mexico will begin on Saturday, citing trade deficits and the flow of fentanyl as reasons for the decision.
- The U.S. Trade deficit with Canada decreased to $64.3 billion in 2023, yet remains near a two-decade high, according to U.S. Census figures.
- Canadian Foreign Minister Melanie Joly warned that a trade war would hurt ordinary people and could lead to retaliation if tariffs are imposed.
- Experts predict that the tariffs will lead to higher consumer prices, particularly affecting gasoline, food, and automotive costs.
576 Articles
576 Articles

North America braces for new Trump tariffs as Saturday deadline nears
WASHINGTON: Companies, consumers and farmers across North America braced on Friday (Jan 31) for US President Donald Trump to impose 25 per cent tariffs on Canadian and Mexican imports within hours, moves that could disrupt nearly US$1.6 trillion in annual trade. Trump has set a Saturday deadline to impose


Trump’s potential tariffs on Canada and Mexico are a wildcard for prices and the US economy
Tariffs that President Donald Trump plans to slap on imports from Canada and Mexico as soon as this weekend could drive up the price of everything from gasoline and pickup trucks, to Super Bowl party guacamole dip. Trump’s tariffs threaten to blow up the trade agreement he himself negotiated with America’s neighbors in his first term. His U.S.-Mexico-Canada Agreement – “the fairest, most balanced, and beneficial trade agreement we have ever sign…
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