President Trump Plans for 25% Border Security Tariffs on Mexico and Canada Remain Set to Begin Saturday
President Trump announced plans to implement 25 percent tariffs on imports from Canada and Mexico starting Saturday, January 31, 2025. These tariffs are seen as part of a dual approach: the long-term MARCRO tariffs focused on economic fairness and the more urgent border security tariffs aimed primarily at national security and combating fentanyl distribution. The media has reacted strongly to this announcement, but Secretary of Commerce Howard Lutnik has explained the reasons behind the urgency of these measures. Trump explained that the tariffs are necessary due to illegal migration, drug issues, and trade deficits with these countries. While he mentioned that these tariffs could increase over time, he was ambiguous about whether they would include Canadian oil imports. Additionally, Trump hinted at potential actions regarding China due to their involvement in fentanyl distribution but did not provide specifics on upcoming tariffs. The announcement comes amid negotiations with Canada ...