Official announcement from the U.S. government or statements by Donald Trump

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.