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VisitWill the U.S. trade deficit with Mexico decrease by 10% by end of 2025?
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Official trade balance reports from U.S. government agencies
Trump Plans Serious Tariffs on Canada and Mexico Over Border Security and Trade Deficit
Jan 7, 2025, 04:56 PM
Former President Donald Trump has announced plans to impose 'very serious' and 'substantial' tariffs on Canada and Mexico, citing issues with trade, border policies, and border security. Trump's statements suggest a significant shift in trade policy towards these neighboring countries, potentially impacting the existing trade agreements. He mentioned a massive trade deficit with Mexico and criticized Canada for being subsidized, claiming a figure of about $200 billion annually. Trump also hinted at the possibility of using economic force against Canada.
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