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Live | Oil To Become Costlier In US As Donald Trump Announces 25% Tariff On Mexico, Canada
Posted
February 1, 2025
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February 1, 2025
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3:40:34Now PlayingPresident Donald Trump said his 25% tariffs on Canada and Mexico are coming on Saturday, but he'll "probably" decide on Thursday night whether to include oil from those countries as part of his import taxes. Trump said his determination will be based on whether the price of oil charged by the two trading partners is fair, although the basis of his threatened tariffs pertains to stopping illegal immigration and the smuggling of chemicals used for fentanyl. The leaders of both Mideast allies have flatly rejected Trump's idea of moving displaced Palestinians from the war-torn area into their countries. But Trump in an exchange with reporters on Thursday insisted it's going to happen.
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