Summary

Trump announced that 25% tariffs on imports from Canada and Mexico will take effect on February 1, though a decision on including oil remains pending.

He justified the move by citing undocumented migration, fentanyl trafficking, and trade deficits.

Trump also hinted at new tariffs on China.

Canada and Mexico plan retaliatory measures while seeking to address U.S. concerns.

If oil imports are taxed, it could raise costs for businesses and consumers, potentially contradicting Trump’s pledge to reduce living expenses.

  • KoboldCoterie@pawb.social
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    8 days ago

    If oil imports are taxed, it could raise costs for businesses and consumers, potentially contradicting Trump’s pledge to reduce living expenses.

    Does anyone honestly think Trump meant anything he said while he was campaigning? It was obviously all just saying what people wanted to hear. He basically said as much himself. Pretending otherwise is just legitimizing lies and propaganda.

    • LadyMeow
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      8 days ago

      Yes, he meant several things while campaigning. Like destroying trans peoples lives, freeing nazis, and punishing those who deigned to attempt to hold him accountable for his many crimes. Oh also for destroying climate protections, deporting brown people, shall I go on? All the things like lowering prices? No absolutely not. That would benefit regular Americans and not hurt minorities, so it doesn’t make the list

    • Damionsipher@lemmy.world
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      7 days ago

      It might not matter weather or not he targets oil. We Canadians understand how important our energy supply is to the US and we’re willing to cut that supply of as a bargaining tool. This is where the find out happens following the fucking around.

    • nieminen@lemmy.world
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      7 days ago

      He meant everything he said when he was in those closed door meetings with his investors and sycophants.