Trump Moves Forward with Tariffs on Canada and Mexico, Citing Trade Deficit and Border Issue

[Social Media]

 

Former President Donald Trump announced that his administration will proceed with imposing 25 percent tariffs on goods imported from Mexico and Canada, making good on a threat he first issued during the final days of his 2024 campaign. The decision, set to take effect on Saturday, is aimed at addressing what Trump described as unfair trade practices, an influx of migrants at the southern border, and the flow of fentanyl into the United States.  

 

“We’ll be announcing the tariffs on Canada and Mexico for a number of reasons,” Trump told reporters in the Oval Office. He emphasized the U.S. trade deficit with its neighbors, stating, “I’ll be putting the tariff of 25 percent on Canada and Mexico, and we will really have to do that because we have very big deficits with those countries. Those tariffs may or may not rise with time.”  

 

Trump also revealed that his administration was considering including oil in the list of tariffed goods, with a final decision expected later that evening.  

“We may or may not. We’re going to make that determination, probably tonight, on oil. Because they send us oil, we’ll see. It depends on what the price is. If the oil is properly priced, if they treat us properly, which they don’t,” Trump said.  

 

He further justified the tariffs by accusing both Canada and Mexico of exploiting the United States in trade agreements. “Look, Mexico and Canada have never been good to us on trade,” he said. “They’ve treated us very unfairly on trade, and we will be able to make that up very quickly because we don’t need the products that they have.”  

 

Trump originally issued the tariff threat in response to what he described as Mexico’s failure to curb illegal immigration at the U.S.-Mexico border. While initially targeting Mexico, he later expanded his proposal to include Canada and even China.  

 

Both Mexico and Canada are among the United States' largest trading partners, and economic experts have warned that these tariffs could lead to increased prices for American consumers on a variety of goods. However, they also suggested that while American industries may face short-term disruptions, Mexico and Canada’s economies could suffer more in the long run if a prolonged trade war ensues.  

 

Despite these warnings, Trump remained steadfast in his stance, making it clear that his administration is prepared to use tariffs as a tool to reshape trade relationships. Whether these measures will result in renegotiations with America’s neighbors or escalate tensions further remains to be seen.

 

Based on a report by The Hill 2025-02-01

 

 

[kwonitoy]

These tariffs on oil are going to be 2 weeks away until they get forgotten about.

Some one smarter than him (everyone) is realising that the Canadian/American oil/gas system is far to intertwined to separate.

 

How much of U.S. oil is imported from Canada?

Canada and Mexico supplied more than 71% of U.S. crude oil imports, with nearly 60% of U.S. crude oil imports from Canada alone.Jan 22, 2025

 

 Go ahead and tariff your oil imports einstein, that'll make eggs cheaper

 

It's the same with the electrical grid, it's not Canadian or american its North American wide.

 

When the northridge earthquake hit in LA years ago we had a power bump in Edmonton, approx. 4,000 kms north.

[Tug]

8 minutes ago, kwonitoy said:

These tariffs on oil are going to be 2 weeks away until they get forgotten about.

Some one smarter than him (everyone) is realising that the Canadian/American oil/gas system is far to intertwined to separate.

 

How much of U.S. oil is imported from Canada?

Canada and Mexico supplied more than 71% of U.S. crude oil imports, with nearly 60% of U.S. crude oil imports from Canada alone.Jan 22, 2025

 

 Go ahead and tariff your oil imports einstein, that'll make eggs cheaper

 

It's the same with the electrical grid, it's not Canadian or american its North American wide.

 

When the northridge earthquake hit in LA years ago we had a power bump in Edmonton, approx. 4,000 kms north.

Yup the felon has allready delayed the (trump tax) all subject to change of course.

[Chomper Higgot]

The markets are responding.

 

 

[spidermike007]

While I think tariffs on highly subsidized commodities like steel and aluminum are likely a good idea, I question how wise it is to impose such horrendously high tariffs on EV's from China. 

 

As far as I'm concerned one of the most dangerous, reckless, and poorly thought out policies that Trump is engaging in, are even higher tariffs on many classes of imported products.

Who ends up paying for this? American companies who are manufacturing in China, Mexico, Canada, and elsewhere, and the consumer, that's who. 

 

In the end huge tariffs may encourage companies to pull out of China, which is a good thing, but how long will that process take, and what will the economic consequences be in the interim? 

 

These tariffs could spell disaster for the American economy. It is nothing but a massive tax hike on the American people, and could have a very negative impact on thousands of American companies that manufacturer overseas, without any true understanding of why they manufacture overseas.

 

Trump manufactures overseas, every opportunity he gets, to save money. Bibles, baseball caps, and likely countless other things. So, calling him very disingenuous would be an understatement. 

 

He is not a socialist. He is a failed capitalist. It is fairly easy to get wealthy if you are willing to steal most of your fortune from unsuspecting small contractors. Yet he still went bankrupt. That requires a special kind of skill. Or another form of grifting.

[ujayujay]

Trump moves forward to shoot in the own knee again

[bwanajohn]

You have to admire the USA ,.They have managed to become the richest country in the world with the majority of richest individuals in the world living and doing business in the US.And they have done that while being ripped off by everybody including there two closest trading partners. USA USA 

[Woke to Sounds of Horking]

American companies betrayed their employees by moving to communist China in the first place. Any action to get manufacturing back in the USA is a good move.

 

Trump has a special dislike for Canada, more likely for PM Trudeau (rather than the country) whom Trump once called "very weak and very dishonest."

 

Trudes cut his teeth at the W-E-F bootcamps... might have something to do with it?  (unaligned with American policy)

 

 

[J Branche]

28 minutes ago, spidermike007 said:

While I think tariffs on highly subsidized commodities like steel and aluminum are likely a good idea, I question how wise it is to impose such horrendously high tariffs on EV's from China. 

 

As far as I'm concerned one of the most dangerous, reckless, and poorly thought out policies that Trump is engaging in, are even higher tariffs on many classes of imported products.

Who ends up paying for this? American companies who are manufacturing in China, Mexico, Canada, and elsewhere, and the consumer, that's who. 

 

In the end huge tariffs may encourage companies to pull out of China, which is a good thing, but how long will that process take, and what will the economic consequences be in the interim?

My understanding there are a lot of goods already shipped to the US and on the way to avoid the Tariff impacts on some companies.

 

I believe reasonable Tariffs could help. They never are, it is a message to that country, and the businesses in China.  China moved some manufacturing to Mexico to benefit from Nafta.

 

I don't think we will see Any Chinese passenger vehicles in USA in the next 4 years.  US can't compete on price.  US will probably say the technology in the car is sending data back to China and is a matter of National Security.

 

No country will give concessions to the US without a benefit.  If Tariffs worked as intended everyone would make some fair deal and move on.

[Hakuna Matata]

9 hours ago, Social Media said:

While initially targeting Mexico, he later expanded his proposal to include Canada and even China.

 

Yes, absolutely. The sooner, the better. I propose a 60% tariff on all goods from China.

[Woke to Sounds of Horking]

Most people do not understand (or are suffering from woke virus so cannot contemplate) that the CCP cannot - and should not - be trusted on anything.

[soalbundy]

40 minutes ago, bwanajohn said:

You have to admire the USA ,.They have managed to become the richest country in the world with the majority of richest individuals in the world living and doing business in the US.And they have done that while being ripped off by everybody including there two closest trading partners. USA USA 

36 trillion in debt and they are rich? If that was a company they would bankrupt.

[MalcolmB]

32 minutes ago, Woke to Sounds of Horking said:

Most people do not understand (or are suffering from woke virus so cannot contemplate) that the CCP cannot - and should not - be trusted on anything.

So we should trust Trump?

[placeholder]

19 minutes ago, soalbundy said:

36 trillion in debt and they are rich? If that was a company they would bankrupt.

Not really. If it was a company, you would also be including assets.

[koolkarl]

Canada has a number of baby houses where Chinese and muslim women who are visiting Taxania, go and give birth so all

become citizens easily.  Been going on for decades.  US has caught a number of muslims trying to sneak into the US from Taxania.

Anyways, all this could be the excuse needed to crash the markets which it is itching to do.

[John Drake]

10 hours ago, Social Media said:

Both Mexico and Canada are among the United States' largest trading partners, and economic experts have warned that these tariffs could lead to increased prices for American consumers on a variety of goods.

 

Some necessities may indeed increase in cost. But many of these "goods" whose price will increase will not be sold. And that is something that could benefit America. Americans buy too much stuff, a lot of junk and a lot of gizmos that aren't needed. One of the things tariffs can do is stop people from spending and have them start saving instead. Americans need to do that. So what if they don't buy a new phone every year or TV every couple of years or other gadgets they don't need. That will put few Americans out of work. Whose going to be impacted? Maybe Amazon and other online retailers. The days when these sort of things would put Americans selling things in shops and malls out of business and out of work are behind us. It'll be the foreign manufacturers who suffer.

[Srikcir]

10 hours ago, Social Media said:

He further justified the tariffs by accusing both Canada and Mexico of exploiting the United States in trade agreements.

Those trade agreements were Trump's negotiated USMC trade agreement with Canada and Mexico that was to update the NAFTA trade agreement. All three countries have complied with USMC. So if the USMC trade agreement allegedly exploits the US, then it's the fault and incompetence of Trump.