Trump says he’s thinking of imposing 25% tariffs on Canada and Mexico on February 1. While the first day of the Trump administration did not include the imposition of tariffs, President Trump made remarks indicating that he may act as soon as February 1, 2025 against Canada and Mexico due to the countries’ role in illegal migration and illicit fentanyl trafficking. Some have suggested that this posture is geared towards gaining leverage in the renegotiation of USMCA. Trump’s Tariff Threat Aimed at Gaining Leverage. Trump Pushes for Early Renegotiation of U.S. Traded Deal with Mexico, Canada. Canada has announced that it plans retaliatory tariffs in the event President Trump moves ahead. Trudeau says Americans will pay more whenever Trump decides to impose tariffs on Canada.
President Trump’s First 100 Days 2025