Mexico and Canada tariffs: President Donald Trump warned today that he’s prepared to impose 25% tariffs on imports from Mexico and Canada that will go into effect on Feb. 1, which is Saturday. The move threatens to set off a trade war with two of the United States’ most critical trade partners.
"I'll be putting the tariff of 25% on Canada, and separately, 25% on Mexico, and we'll really have to do that,” Trump told reporters in the Oval Office this afternoon.
Trump added that he hadn’t decided whether oil imports would be covered under the new tariffs. The president said he would make a decision on that as soon as tonight.
