President Donald Trump is considering imposing a 25% tariff on imports of Mexican and Canadian oil in an effort to pressure the two countries into taking action on two key issues. Trump stated that a decision would likely be made by the end of the day and if implemented, the tariffs would go into effect on February 1.
The threat of tariffs comes as Trump has repeatedly called on both Mexico and Canada to address the problems of fentanyl shipments and the influx of migrants crossing U.S. borders. These issues have been a major focus of Trump’s administration, with the President issuing warnings to both countries about potential consequences if action is not taken.
Mexico and Canada are two of the United States’ top trading partners, adding to the significance of Trump’s threats of tariffs. The decision to potentially impose tariffs on oil imports could have far-reaching consequences for the economies of all three countries involved.
As Trump weighs his options, tensions continue to rise in Washington D.C. over these issues. The outcome of this decision could have lasting impacts on trade relations between the U.S., Mexico, and Canada.
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Video “Donald Trump reveals why tariffs will be imposed Canada and Mexico” was uploaded on 01/31/2025 to Youtube Channel The Times and The Sunday Times