President Trump is set to decide on implementing tariffs on oil exports from Canada, amid plans for a 25% tariff on goods from both Canada and Mexico starting February 1. Although he previously suggested tariffs were necessary to enhance border security, he also cited unfair trade practices and trade deficits as reasons. Trump emphasized that the U.S. has sufficient resources and does not depend on imports from its neighbors, indicating a broader shift in trade policy objectives with Canada and Mexico.
"We may or may not. We're going to make that determination probably tonight on oil," Trump said. "Because they send us oil. We'll see, it depends on what their price is."
"Mexico and Canada have never been good to us on trade. They've treated us very unfairly on trade and we will be able to make that up very quickly because we don't need the products that they have."
Collection
[
|
...
]