U.S. President Donald Trump suggested that he could still hit Canada with tariffs as early as next month.
Speaking to reporters on his return to the Oval Office Monday, Trump recited concerns about the Canadian and Mexican borders while reiterating his threat to hit both countries with a sweeping 25 per cent tariff.
“We’re thinking in terms of 25 per cent [tariffs] on Mexico and Canada because they’re allowing vast numbers of people … and fentanyl to come in,” Trump said.
“I think we’ll do it Feb. 1,” the president said in response to a question about when those tariffs could be implemented.
Trump, who was sworn in as president around noon on Monday, has been signalling since November that he would introduce tariffs on Canada and Mexico. Trump initially promised to do so on his first day in office, but a number of U.S. media outlets began reporting early on Monday that the tariffs wouldn’t be a day one issue for the new president.
I mean, they can’t seem to figure out that tariffs will be hitting their wallets directly. And it’ll fuck us economically due to Americans not wanting to buy our goods with the 25% excess.
It doesn’t just hit wallets; it hits supply. Suddenly there aren’t enough aluminum cans for all the goods people want to can, and food spoils as a result. That kind of thing. And as a result, the food that does get canned costs 25% more (not just an increase in the can component).
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I mean, they can’t seem to figure out that tariffs will be hitting their wallets directly. And it’ll fuck us economically due to Americans not wanting to buy our goods with the 25% excess.
It doesn’t just hit wallets; it hits supply. Suddenly there aren’t enough aluminum cans for all the goods people want to can, and food spoils as a result. That kind of thing. And as a result, the food that does get canned costs 25% more (not just an increase in the can component).