Trump says he’ll impose commerce tariffs on Canada and Mexico on Saturday
Good morning and welcome to our reside protection of the most recent from US politics and President Trump’s second week in workplace.
First up, Trump has repeated his menace to impose tariffs on imports from Canada and Mexico, saying they are going to be launched on Saturday.
Talking to reporters within the Oval Workplace, he mentioned the tariffs would start at 25% and “could or could not rise with time”.
He additionally repeated threats to impose new tariffs on items from China, citing its position within the fentanyl commerce, and on the BRICS international locations.
Stick with us for extra on that and all of the day’s developments.
Key occasions
Right here’s extra on these feedback from President Trump threatening to impose 25% tariffs on imports from Mexico and Canada, two of the US’ largest buying and selling companions.
He mentioned he was making the menace “for quite a few causes” however that he desires each international locations to do extra to safe their borders to cut back unlawful migration and the stream of fentanyl into the US.
Requested whether or not oil imports could be excluded from the tariffs, he mentioned “we could or could not”, including that it might depend upon costs and whether or not the 2 international locations “deal with us correctly.”
Canada and Mexico are the highest two sources of US oil imports, accounting for 52% and 11% respectively in 2023, in response to information from the US Division of Power.
Trump says he’ll impose commerce tariffs on Canada and Mexico on Saturday
Good morning and welcome to our reside protection of the most recent from US politics and President Trump’s second week in workplace.
First up, Trump has repeated his menace to impose tariffs on imports from Canada and Mexico, saying they are going to be launched on Saturday.
Talking to reporters within the Oval Workplace, he mentioned the tariffs would start at 25% and “could or could not rise with time”.
He additionally repeated threats to impose new tariffs on items from China, citing its position within the fentanyl commerce, and on the BRICS international locations.
Stick with us for extra on that and all of the day’s developments.
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