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Trump Imposes 25% Tariffs on Canada and Mexico Over Fentanyl Trafficking
125 posts•CanadaMexicoTrump PolicyWorldPolitics
President Donald Trump announced that the United States will impose 25% tariffs on imports from Canada and Mexico starting Saturday, February 1, citing concerns over fentanyl trafficking and large trade deficits. The tariffs may or may not include oil imports, with a decision expected to be made soon, depending on oil prices. Trump stated that the tariffs could 'rise with time.' Following the announcement, the Canadian dollar and Mexican peso fell.
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Most affected Canadian industry by US tariffs by June 30, 2025?
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