Trump is moving forward with his plan to impose 25% tariffs on Canada and Mexico, America’s two largest trading partners. The tariffs will take effect starting Saturday, Feb. 1, with the president saying he is still considering whether to include slapping higher import taxes on oil from those countries.
Trump said his decision would be based on whether the oil prices charged by Canada and Mexico are fair.
Before taking office, the president threatened to levy tariffs as a way to combat illegal immigration and the smuggling of fentanyl across the U.S. border.
Trump also said he’s still considering new tariffs on Chinese goods, citing its part in the fentanyl trade. He has threatened a 10% duty on all Chinese goods.
