Trump says Canada and Mexico to be Hit with 25% Tariffs on Saturday

6 months ago 57

The BBC is reporting that US President Donald Trump has said he will follow through with his threat to hit imports from Canada and Mexico with 25 per cent border taxes, known as tariffs, on February 1.

But he added that a decision about whether this would include oil from those countries had not yet been made.

Speaking to reporters in the Oval Office, Trump said the move was aimed to address the large amounts of undocumented migrants and the fentanyl that comes across US borders as well as trade deficits with its neighbours.

The president also suggested that he was still planning to impose new tariffs on China, which he said earlier this month would be 10 per cent, but did not give any details.

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