US President Donald Trump announced that his administration is planning to impose 25 per cent tariffs on imports from Mexico and Canada from 1 February, The Hill reported.
When asked about his thought process of putting tariffs on two nations while signing executive orders, Trump responded, “We are thinking in terms of 25 per cent on Mexico and Canada because they’re allowing vast numbers of people … to come in, and fentanyl to come in.”
When asked about the timeline, he said, “I think we’ll do it 1 February.”
During the final days of the 2024 campaign, Trump had threatened to impose a tariff of 25 per cent on all imports from Mexico, which is the top trade partner with the US, unless the Mexican government reduced the flow of migrants at the southern border, according to The Hill report.
He also threatened to impose tariffs on imports from Canada and China. He has indicated that he intends to double down on the use of tariffs, claiming that US will benefit financially even as experts warn it would amount to a tax on consumers.
On 9 January, Trump highlighted how tariffs on Canada will eventually be imposed and brought to attention the “massive deficits” the US is having from Canada.
AN
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