evrimagaci.org on Nostr: Trump Implements 25% Tariffs On Canadian And Mexican Imports ========== On February ...
Trump Implements 25% Tariffs On Canadian And Mexican Imports
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On February 1, 2025, President Donald Trump imposed 25% tariffs on imports from Canada and Mexico, with a 10% tax on crude oil. Trump claims these tariffs address trade deficits and curb drug trafficking, particularly fentanyl. The trade volume between the US, Canada, and Mexico is approximately $909 billion and $855 billion. Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum have indicated intentions to retaliate, with Mark Carney stating, 'We're going to stand up to a bully.' Past retaliatory tariffs from 2018 raise concerns of a trade war. Industry experts warn of increased prices for consumers and potential disruptions in the energy market. The American Petroleum Institute opposes the tariffs, fearing negative impacts on North American energy markets. Retaliatory measures could affect US exports of corn and soybeans. Analysts caution about the geopolitical fallout from these trade tensions.
#Trump #Tariffs #Canada #Mexico #Trade #Fentanyl #Economy #Retaliation #Energy #Politics
https://evrimagaci.org/tpg/trump-implements-25-tariffs-on-canadian-and-mexican-imports-174361
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On February 1, 2025, President Donald Trump imposed 25% tariffs on imports from Canada and Mexico, with a 10% tax on crude oil. Trump claims these tariffs address trade deficits and curb drug trafficking, particularly fentanyl. The trade volume between the US, Canada, and Mexico is approximately $909 billion and $855 billion. Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum have indicated intentions to retaliate, with Mark Carney stating, 'We're going to stand up to a bully.' Past retaliatory tariffs from 2018 raise concerns of a trade war. Industry experts warn of increased prices for consumers and potential disruptions in the energy market. The American Petroleum Institute opposes the tariffs, fearing negative impacts on North American energy markets. Retaliatory measures could affect US exports of corn and soybeans. Analysts caution about the geopolitical fallout from these trade tensions.
#Trump #Tariffs #Canada #Mexico #Trade #Fentanyl #Economy #Retaliation #Energy #Politics
https://evrimagaci.org/tpg/trump-implements-25-tariffs-on-canadian-and-mexican-imports-174361