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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.
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576 Articles
576 Articles
President Donald Trump is threatening to impose 25 percent tariffs on neighboring countries. This would hit interstate trade in goods just as hard as importers and consumers.
Donald Trump is threatening tariffs against Canada – unless it becomes a US state. In Canada, the red alert is in place.
·Zürich, Switzerland
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Channel News Asia+3 Reposted by 3 other sources
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
·Singapore
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Total News Sources576
Leaning Left91Leaning Right59Center137Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 32%
C 48%
R 20%
Factuality
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