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.
If oil is excluded the truly boss move on Canada & Mexico’s part would just be to introduce a 25% export premium on those products while the tariffs are in effect.
Canada’s boss move is to remove the intellectual property laws that the US asked for and let Canadian companies and consumers thrive again.
Canada shouldn’t retaliate with US tariffs
This is a really good read. Thank you.
Exactly, clearly they’ll still pay for it if it’s important enough to exempt. In Canada’s case we could give Alberta the extra revenue just so they won’t get too cranky.