Mexico and Canada Flags / License: Envato Market
(Worthy News) – President Donald Trump announced he will implement 25% tariffs on imports from Canada and Mexico beginning Saturday, pointing to illegal immigration, significant trade deficits, and the flow of fentanyl as primary motivators. He also noted that he is evaluating whether to extend these tariffs to include oil from both countries.
“Number one is the people that have poured into our country so horribly and so much. Number two are the drugs, fentanyl and everything else that have come into the country. Number three are the massive subsidies that we’re giving to Canada and to Mexico in the form of deficits,” he said.
Trump mentioned that the 25% tariff rate “may or may not rise with time,” indicating it could be just the beginning.
He also hinted that he is deliberating whether to exempt a major import—oil—from the tariffs, with a decision expected by Thursday evening based on oil prices.
According to the Energy Information Administration, the United States imported approximately 4.6 million barrels of oil daily from Canada and 563,000 barrels from Mexico in October, while U.S. daily production averaged nearly 13.5 million barrels.
Critics argue that implementing tariffs on Canada and Mexico, key US neighbors and trading partners, could lead to severe economic repercussions, disrupt markets, and risk triggering a trade war by compromising the protections afforded by a trilateral free trade agreement.
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