Trump’s Tariffs on Canada, China, Mexico Begin on Saturday
“…25% tariffs on Mexico, 25% tariffs on Canada, and a 10% tariff on China for the illegal fentanyl that they have sourced and allowed to distribute into our country…”
Press Secretary Karoline Leavitt confirmed President Donald Trump’s tariffs on all imported goods from Canada, China, and Mexico go into effect on February 1:
REPORTER: Friends at Reuters are reporting that the president has made a decision on the Canada, Mexico tariffs, but that they want to actually be implemented until March 1. I was wondering if you could confirm that. And talk through some of the president’s plan.
LEAVITT: I saw that report, and it is false. I was just with the president in the Oval Office, and I can confirm that tomorrow, the February 1 deadline that President Trump put into place that a statement several weeks ago continues. The president will be implementing tomorrow a 25% tariffs on Mexico, 25% tariffs on Canada, and a 10% tariff on China for the illegal fentanyl that they have sourced and allowed to distribute into our country, which has killed tens of millions of Americans. These are promises made and promises kept by the president.
REPORTER: The president yesterday said that last night he was planning to discuss whether an exemption would be made on oil imports. Do you have any information on what decision he made there, or will there be exemptions at all offered under this?
LEAVITT: I don’t have an update or read out for you on the exemptions, but those tariffs will be for public consumption in about 24 hours tomorrow so you can read them then.
.@PressSec: "The president will be implementing tomorrow a 25% tariffs on Mexico, 25% tariffs on Canada and a 10% tariff on China for the illegal fentanyl that they have sourced and allowed to distribute into our country which has killed tens of millions of Americans." pic.twitter.com/lSoLuL9Lk5
— CSPAN (@cspan) January 31, 2025
Canadian Prime minister Justin Trudeau said the country “is ready to respond.” From Fox News:
“The president is intent on doing this,” Leavitt said. “And I think Justin Trudeau would be wise to talk to President Trump directly before pushing outlandish comments like that to the media.”
When asked if Mexico, Canada or China could offer any concessions to remove these new tariffs, Leavitt said Trump would decide at a later date.
“If the president at any time decides to roll back those tariffs, I’ll leave it to him to make that decision,” Leavitt said. “The president is intent on ensuring that he effectively implements tariffs while cutting inflation costs for the American people.”
Republicans want to pass the U.S. Reciprocal Trade Act, giving Trump the power to “impose trade taxes on both adversaries and allies.”
Democrats want to pass their own bill which “would block Trump from using emergency powers to implement tariffs, amid concerns that American consumers would end up footing the bill.”
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Democrats can go f88k themselves since they’d rather cost up to America’s enemies than stand up for their fellow Americans.
Canada and Mexico are our enemies.??? (snicker)
They are not our friends.
Friendly Nations wouldn’t casually allow transnational criminal/terrorist organizations to continue the flow of illegal aliens and illegal drugs across a border with a Nation they considered to be their ‘friend’.
Actions (and inaction) are far more persuasive as concrete expressions of friendship or lack thereof than sophistry.
Why bother with logic? TDS1156 can’t recognize or do anything useful with it.
Are people who facilitate the import of fentanyl into the United States “friends?”
https://www.cbc.ca/news/politics/fentanyl-canada-export-1.7030758
Canadian-made fentanyl is an international problem, RCMP says
maybe we should put a gigantic tariff on fentanyl. Or put a wall across our northern border .Stopping drugs from being produced or imported has a very long history of failure.
Yeah putting a tax on something that’s allready illegal? You’re as smart as I thought.
That’s exactly why unrelated tariffs will work better, moron.
Canada and Mexico are fair friends, users, especially Mexico.
Perhaps if one of your family members is murdered by illegal drugs, or a young girl in your family’s raped, then you may find it in your evil heart to unwrap your mouth from Biden’s puppet masters.
Mexico certainly. Canada not a friend
Dems are now in failure theater mode. Theirs wouldn’t pass the houses and defwouldn’t be signed by POTUS
It will unleash the American production of Chinese opera DVDs.
Hey has Trump been given the book “tariffs for dummies’. Last I heard he said China would pay the tariffs and consumer prices wouldn’t go up. HAHAHHA . He doesn’t seem to know basic economics. The whole point of tariffs is to have the goods cost more. HAHAAHAH.
Trump doesn’t know basic economics? Seriously?
(The stupid is strong with this one, Folks.)
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He certainly does not.
https://reason.com/2024/12/11/trump-the-self-described-tariff-man-does-not-understand-how-tariffs-work/
“I’m a big believer in tariffs,” President-elect Donald Trump said this week, not for the first time. “I think they’re beautiful.”
Trump claims the heavy tariffs he plans to impose during his second term are “going to make us rich,” at no cost to American businesses or consumers. That is a dangerous fantasy.
Trump’s position on tariffs begins with his longstanding misconceptions about international trade, which he erroneously views as a zero-sum game with rules that are rigged against the United States. “We’re subsidizing Canada to the tune [of] over $100 billion a year,” he told Kristen Welker on Meet the Press. “We’re subsidizing Mexico for almost $300 billion.”
The threat of tariffs changed colombias mind in minutes
But yeah, I’m sure you know more about this than tRuMp!
Trudeau himself admitted that without that trade imbalance, Canada’s economy would collapse.
Another use of tariffs is to create other competitors, domestic and otherwise, perminately.
Or to bring about a change in behaviour like it did with Colombia and like how the EU will find out shortly.
Consumer prices don’t necessarily have to go up on those imports hit by tariffs. The producers could eat the increase. Why? To maintain market share. Why would they want that? To freeze out domestic competition both existing and any potential new competitors entering that product line. Those domestic producers could undercut on price and rapidly increase market share of the products hit by the tariff.
Then there’s the new jobs created by this increased domestic production. Gotta have $ in the first place to spend for any sort of product whether that product has a tariff or not. A good paying US manufacturing job created by all this would provide that $.
People wear many hats in an economy; citizen, taxpayer, worker, small business owner, saver, investor. Too bad that some folks are only able to recognize the consumer hat… though a.few folks are simply deliberately obtuse and not really ignorant of the reality of how markets function. Some less than honest folks might even claim that any new tariff imposed by the USA would be unique or unprecedented and upset a ‘free market’ knowing full well that all sorts of tariffs and trade restrictions exist right now which shows we don’t have their ‘free market’ ideal only the fantasy of one. Q
Good comment
Can you provide a link to the source where you heard DJT say those two things?
In case you forgot, Trump tariffed China in his first term and no inflation occurred, even pre covid
Sure it did.
don’t read anything besides Truth social?
“U.S. tariffs continue to be almost entirely borne by U.S. firms and consumers,” Mary Amiti, an economist at the Federal Reserve Bank of New York, and two co-authors reported in 2020. That finding is consistent with the results of prior and subsequent studies.
The Tax Foundation estimates that the tariffs Trump imposed during his first term, which the Biden administration generally kept in place, cost Americans nearly $80 billion a year—”one of the largest tax increases in decades.” And that’s without considering the impact of retaliatory tariffs, “lost output, lower incomes, and loss in consumer choice.”
When Welker noted that “your previous tariffs…cost Americans some $80 billion,” Trump was unfazed. “They cost Americans nothing,” he insisted. “It didn’t cost this country anything. It made this country money.”
https://reason.com/2024/12/11/trump-the-self-described-tariff-man-does-not-understand-how-tariffs-work/
I am for tariffs for no other reason than to stop many of these countries from using slave labor to undercut prices.
But I guess you are OK with slave labor, child labor, and abuses of minorities in these countries.
tjv1156
https://una.com/resources/article/shifting-manufacturing-out-of-china/
Exit the Dragon: Shifting Manufacturing Out of China
November 9, 2023
“Intel, Microsoft, Nike, and Dell have all recently signaled their intention to move some of their manufacturing out of China to different shores. These announcements mirror an ongoing shift in the global manufacturing landscape where an increasing number of U.S. companies are turning their backs on Chinese manufacturing….
One of the primary drivers behind the exodus of U.S. companies from China is the ongoing trade tensions between the two nations. These tensions have led to the imposition of tariffs, export restrictions, and other trade barriers, making it more challenging and expensive for U.S. businesses to operate in China. The unpredictable nature of these trade disputes has created an atmosphere of uncertainty, causing many companies to reconsider their reliance on Chinese manufacturing.
Many companies have been moving manufacturing OUT of China since COVID when China shut down the whole country.
American Tariffs will only accelerate that move. Chinese goods will have to be 10‰than Vietnam, Malaysia et al to be competitive and perhaps more because of the uncertainties.
So US companies move to Malaysia and Vietnam.. what does that have to do with tariffs.? If ‘the moron ‘wants to make US companies more competitive here then he’s slap tariiffs on them. that’s the point of the tariffs. Tariffs are so 100 years ago. ‘The moron’ is the only serious person that thinks they are a good idea.
I explained- Chinese manufacturers will have to lower costs to remain competitive as tariffs will add cost to their products or lose market share. WwFor a short period they can survive the higher prices that tariffs cause, however in the long run, manufacturers will move to places where they keep a greater percentage of the sale price. So, let’s say manufacturing a widget in Vietnam costs 6% more than China. However the Chinese widget has a 10% tariff. The Vietnamese widget can sell for 2% less than the Chinese widget netting the seller 2% more in profit per widget.
Manufacturers had already begun to move out of China – tariffs will accelerate thatctrend.
“The Moron” seems to be quite wealthy. Tell us, what is your net worth?
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Is there some sort of website that tells you what’s left on an EBT card?
you really don’t understand how tariff’s work, do you. I see that you have become the resident troll making foolish posts on about every subject that make no sense
Can you provide a link to the source where you heard DJT say those two things?
low information drones I know telling me to run for the hills. Aint no big thing people. Btw Chicoms are the existential enemy.
¿?
I recall that a few years ago there was great fanfare where Mexico, Canada and the US re-negotiated the NAFTA and formed the USMCA. If that treaty remains in force, how is it possible (ie legal) for one party to impose across the board tariffs against the other parties? This is not to mention the WTO which has clear rules on this and to which all three countires are members.
Gee, I don’t know. Wonder how long it will take an international court to figure that sort of thing out? I hope it’s not a long, long time.
” amid concerns that American consumers would end up footing the bill”
What the hell are American’s doing now for the millions of illegals Democrats flooded the country with and the economic/legislative/executive policies that caused massive rises in prices?
You could also add the bill that we’re footing to deal with the damages done by fentanyl.
Implicit in Trump’s tariffs is that they are punitive rather than purely economic and, ideally, temporary.
The immediate concern here is not to promote the increase domestic manufacturing but to force China, Canada, and Mexico to take actions – halt the flow of fentanyl from their countries, and halt their tacit support of illegal immigration into the U.S.
The sooner these countries agree to Trump’s terms, the sooner the tariffs will be lifted. Note that I am sure that there is room for negotiation on some things, but that’s not how you start negotiations.
Trump sure is tough. Today’s breakfast, my refrigerator demanded I stuff greenbacks up the icemaker before it would release my back bacon.