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President Donald Trump spoke with press members in the White House Oval Cabinet on January 30, 2025.
Kent Nishimura for The Washington Post | Ghetto images
Donald Trump has confirmed that he will impose 25% import tariffs from Mexico and Canada from February, following onwards threats issued weeks earlierS
The tariffs for the product blanket will come into force on Saturday, February 1st.
However, speaking to reporters in the oval office on Thursday night, Trump told reporters that his administration is yet to determine whether the import of oil will be included in politics, noting that the decision is nailed to whether the two countries “treat us correctly” and “if the oil is priced at a price. “
“The oil will have nothing to do with me,” he said. “We will make this determination probably tonight on oil. As they send us oil, we will see – it depends on what their price is.”
March contracts for Brent raw – The global indicator of oil prices – was insignificantly higher at 8:06 am London, trading around $ 76.92 a barrel.
Trump told reporters that the oncoming obligations are perceived “for a number of reasons” and “may or may not increase over time.”
“Number one is the people who have poured themselves so terribly and so much,” he said. “Number two are the fentanyl medicines and everything else that has entered the country.
“I will invest the 25% tariff for Canada and a separate 25% for Mexico and we really have to do it because we have very large deficits with these countries,” he added.
Threats to answer in kind
Representatives of the Mexican and Canadian governments were not immediately available for comment when they contact CNBC, although both countries had previously promised to respond to tariffs with their own measures.
“If there is US tariffs, Mexico will also collect rates,” President Claudia Shainbaum said at a press conference last weekAccording to the News Agency, Reuters, adding that this will cause an increase in prices for US consumers.
Speaking with “Squawk on the street” on CNBC earlier this monthCanada International Trade Minister Mary Ng said “everything is on the table” when it comes to responding to US tariffs, refusing to exclude taxes on exports to energy exports to the United States.
“If you are going to put tariffs for Canada, what you actually do is do things more expensive for Americans,” she said.
There are also fears that tariffs will affect users in Canada and Mexico. Earlier this week, For example, politicians at the Canada bank warned that such measures of the United States could create constant inflation in the country.
Both Mexican weight and Canadian dollar Higher than the US dollar on Friday morning, recovering losses observed overnight.
The peso grew by 0.3% at 8:18 pm London’s time, while the Canadian dollar won 0.2% against the green.
