Trump Tariffs on Canada, Mexico and China Start Today

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The EU is on notice too. America is back. For years, tariffs on these countries were negligible while they charged us 25%. These countries facilitated massive illegal immigration into America and the attendant importation of deadly drugs (fentanyl etc). Further, they enjoy the massive subsidies. No longer will we tolerate huge deficits with these countries.

“The President implementing a 25% tariff on Mexico, 25% tariffs on Canada, and a 10% tariff on China for the illegal fentanyl that they have sourced and allowed to distribute into our country, which has killed tens of millions of Americans,” press secretary Karoline Leavitt said on Friday. “These are promises made and promises kept by the president.”

Trump campaigned heavily on tariffs and threatened to implement them against Canada and Mexico on inauguration day, which was later pushed back to Feb. 1.

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Watch:

Trump tariffs on Canada, Mexico and China to start Saturday. Here’s why they may be ‘just the warm-up.’

By: Marketwatch, February 1, 2025:Trump’s nominee for commerce secretary, Howard Lutnick, indicated Wednesday that the April report will offer “the big tariff view,” while a levy against Canada and Mexico would be “not a tariff, per se,” but rather “an action of domestic policy” tied to the “short-term issue” of illegal migration and drug trafficking.

Trump had said that Canada and Mexico could face American tariffs of 25% starting Saturday unless they sufficiently help his administration crack down on illegal immigration into the U.S. as well as the inflow of fentanyl, a drug that’s driven an overdose crisis. He also has been threatening a 10% tariff on China over fentanyl concerns.

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The potential tariffs against neighboring countries “clearly fall into the ‘negotiation tool’ bucket, which we think makes it much less likely that Trump will tolerate significant economic pain for an extended period in this case,” wrote Tobin Marcus, head of U.S. policy and politics at Wolfe Research, in a note Thursday.

“We think the goal here is something like the Colombia case last weekend, where Trump was able to get a policy win at minimal cost,” Marcus said. The Wolfe Research expert also said his team expects that if Trump imposes the tariffs on Canada and Mexico, they’ll be short-lived.

Americans buy $900 billion a year in food, cars, TVs, toys, appliances and other products from Mexico and Canada, and the cost of these products could rise with 25% tariffs, as MarketWatch has noted. The neighbors to the north and south are the biggest trading partners of the U.S., accounting for almost 30% of all imported goods.

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Thanks for sharing!