Thread: President Trump 2.0
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Old 31-01-2025, 23:27   #966
1andrew1
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Re: President Trump 2.0
Given the Mexican-US-Canadian supply chains in sectors like cars, and US oil imports from Canada, this looks pretty reckless.

Quote:
Canada, Mexico and China face tariffs on Saturday, White House says

US President Donald Trump will impose tariffs on Saturday of 25% on Mexico, 25% on Canada and 10% on China on 1 February, says the White House.

But Trump said on Friday that Canadian oil would be hit with lower tariffs of 10%, which could take effect later, on 18 February.

China, Canada and Mexico are the top US trading partners, accounting for 40% of the goods imported into the US last year, and fears are rising that the new steep levies could kick off a major trade war as well as push up prices in the US.

Canadian Prime Minister Justin Trudeau said on Friday: "It's not what we want, but if he moves forward, we will also act."
https://www.bbc.co.uk/news/articles/ckg0m79gm10o
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