President Trump confirmed that 25% tariffs on Canada and Mexico will begin on Saturday, with potential oil import exemptions under consideration. He expressed confidence in swiftly compensating for any reduction in imports from these nations. The tariffs are positioned as a measure to combat illegal immigration and address drug trafficking, particularly related to opioids from China.
United States President Donald Trump has confirmed the implementation of 25% tariffs on Canada and Mexico, set to commence on Saturday. During a press conference at the White House, he indicated that a decision about potentially exempting oil imports from these tariffs would be made that evening. Trump mentioned the need to evaluate oil prices before finalizing any exclusion.
The announcement of the tariffs is part of Trump’s broader strategy to address border security concerns, which he claims are linked to undocumented migration and drug trafficking. The proposed tariffs represent a continuation of his administration’s protectionist trade policies introduced soon after his election. These tariffs could significantly affect crude oil imports, as Canada and Mexico are primary suppliers to the U.S.
In summary, President Trump has reiterated his commitment to imposing 25% tariffs on goods from Canada and Mexico, with a decisive discussion regarding oil exemptions pending. The move aims to tackle issues surrounding border security while adding pressure to China over its role in the opioid crisis. Canada and Mexico have expressed intent to reciprocate in response to any tariffs.
Original Source: www.aljazeera.com
