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Trump to Hit Mexico, Canada With 25% Tariffs Starting Feb. 1

Posted

January 21, 2025

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President Donald Trump plans to impose 25% tariffs on Mexico and Canada by February 1, citing concerns over undocumented migrants and drugs entering the US. The tariffs would affect $1.8 trillion in goods and services trade and could lead to retaliation from Canada and Mexico, potentially sparking a trade war. Terry Haines founder at Pangaea Policy, discusses Trump's first day in office on Bloomberg Surveillance.

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Trump to Hit Mexico, Canada With 25% Tariffs Starting Feb. 1 · Bloomberg Television · Sentinel