Donald Trump’s Tariff War in Here | What it Means For Canada, China and Mexico

2/1/2025

In a bold move, former President Donald Trump has announced the imposition of 25% tariffs on imports from Canada and Mexico, with an additional 10% tariff on goods from China. The tariffs, which go into effect immediately, are aimed at pressuring these countries to halt the flow of migrants and fentanyl across their borders. Trump claims the tariffs will not cause inflation but rather lead to success, though economists warn of potential price hikes for consumers. Canadian Prime Minister Justin Trudeau has vowed to respond forcefully, signaling a potential trade war. This escalation underscores the ongoing trade tensions and raises questions about the broader economic impact on the U.S. and its neighbors.

#TrumpTariffs #CanadaTariffs #MexicoTariffs #ChinaTariffs #TrumpTrade #TariffWar #TrumpOnChina #TrumpOnMexico #TrumpOnCanada #TradeTensions #TrumpEconomy #USCanadaTrade #USMexicoTrade #TariffImpact #TrumpAndChina

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Transcript

00:00I saw that report and it is false.

00:02I was just with the president in the Oval Office and I can confirm that tomorrow, the

00:07February 1st deadline that President Trump put into place at a statement several weeks

00:11ago continues.

00:12The president will be implementing tomorrow a 25% tariffs on Mexico, 25% tariffs on Canada,

00:21and a 10% tariff on China for the illegal fentanyl that they have sourced and allowed

00:26to distribute into our country, which has killed tens of millions of Americans.

00:31These are promises made and promises kept by the president.

00:56So we'll be announcing the tariffs on Canada and Mexico for a number of reasons.

01:07Number one is the people that are poured into our country so horribly and so much.

01:12Number two are the drugs, fentanyl and everything else that have come into the country.

01:15And number three are the massive subsidies that we're giving to Canada and to Mexico

01:21in the form of deficits.

01:23And I'll be putting the tariff of 25% on Canada and separately 25% on Mexico.

01:32And we will really have to do that because we have very big deficits with those countries.

01:37Those tariffs may or may not rise with time.

01:44Oil is going to have nothing to do with it, as far as I'm concerned.

01:46Oil has nothing to do with it.

01:53It has nothing to do with it.

02:23It has nothing to do with it.

02:53It has nothing to do with it.

03:23It has nothing to do with it.

03:51It has nothing to do with it.

Donald Trump’s Tariff War in Here | What it Means For Canada, China and Mexico | Trudeau Reacts

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