On February 1, 2025, the United States is set to impose tariffs on imports from Canada and Mexico. There are still too many unknown variables to gauge the impact.
Many voters backed the Republican on the promise that he could tamp down inflation, but the possibility of tariffs could trigger higher prices and
President Donald Trump will impose 25 percent tariffs on Mexico and Canada, coming into effect on Saturday.
The move could devastate international trade and manufacturing, especially for an automotive industry with operations integrated across North America.
As President Donald Trump rolls out his “America First” policies, few countries have more to lose than Mexico.
Canadian Prime Minister Justin Trudeau says tariffs would have “disastrous consequences” for the U.S., putting American jobs at risk and causing prices to rise.
Oil prices eased on Friday and closed the week lower as investors awaited 25% tariffs by the United States on Canada and Mexico, expected on Saturday.
President Donald Trump said Friday he would place 25% tariffs on imports from Canada and Mexico and 10% tariffs on goods from China effective Saturday, raising the specter of swift price increases for U.
President Donald Trump said this week that tariffs on U.S. neighbors Canada and Mexico will arrive Saturday. The two nations are not only close geographically, but economically as well.
Some believe the US president's tariffs could trigger higher prices and potentially disrupt the energy, car, lumber and agricultural sectors.