President Trump is set to implement a 25% tariff on Canada and Mexico, deliberating on whether to include oil in this measure. He cited the need to prevent illegal immigration and chemical smuggling as justification for the tariffs. However, imposing tariffs on oil could conflict with his commitment to reduce inflation and lower energy costs, a key promise in his campaign. With high gas prices being a major concern among voters, experts warn that tariffs may ultimately raise consumer prices, challenging Trump's pledges to cut energy costs in half by early 2025.
We're going to make that determination probably tonight.
This is a lose-lose... It makes life more expensive.
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