Summary
Trump announced that 25% tariffs on imports from Canada and Mexico will take effect on February 1, though a decision on including oil remains pending.
He justified the move by citing undocumented migration, fentanyl trafficking, and trade deficits.
Trump also hinted at new tariffs on China.
Canada and Mexico plan retaliatory measures while seeking to address U.S. concerns.
If oil imports are taxed, it could raise costs for businesses and consumers, potentially contradicting Trump’s pledge to reduce living expenses.
Yes, he meant several things while campaigning. Like destroying trans peoples lives, freeing nazis, and punishing those who deigned to attempt to hold him accountable for his many crimes. Oh also for destroying climate protections, deporting brown people, shall I go on? All the things like lowering prices? No absolutely not. That would benefit regular Americans and not hurt minorities, so it doesn’t make the list