Market
Most Affected Sector by U.S. Tariffs on Canadian Imports by June 30, 2025?
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Resolution / Starting Odds
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Economic reports from U.S. Department of Commerce or Canadian trade organizations
Story
Trump to Impose 25% Tariffs on Canada, Mexico Over Fentanyl and Immigration Concerns
Jan 28, 2025, 07:33 PM
U.S. President Donald Trump plans to impose 25% tariffs on imports from Canada and Mexico starting February 1, according to White House Press Secretary Karoline Leavitt. The tariffs are set to begin unless both countries assist in addressing issues related to fentanyl trafficking and immigration. Trump's decision comes despite recent comments suggesting a positive relationship with Mexico, while he has been more critical of Canada. The White House has confirmed that the February 1 date for these tariffs remains firm, with Leavitt stating she spoke directly with the president on the matter.
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