this post was submitted on 31 Jan 2025
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Summary

Trump announced that 25% tariffs on imports from Canada and Mexico will take effect on February 1, though a decision on including oil remains pending.

He justified the move by citing undocumented migration, fentanyl trafficking, and trade deficits.

Trump also hinted at new tariffs on China.

Canada and Mexico plan retaliatory measures while seeking to address U.S. concerns.

If oil imports are taxed, it could raise costs for businesses and consumers, potentially contradicting Trump's pledge to reduce living expenses.

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[–] [email protected] 11 points 1 week ago (5 children)

As an American, I'm loving this... Really. Its high time we feel the pain we've inflicted on other countries. Our "comeuppance" if you will.

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[–] buzz86us 10 points 1 week ago (2 children)

This massively violates the USMCA that he signed

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[–] [email protected] 10 points 1 week ago (1 children)

I read a post on Mastodon from someone in Ontario Canada that was proposing shutting off all export of oil and electricity to the US. The thing that made me doubt this was they were also calling for impeaching 45 (again!). That would leave Vance which scares me even more.

[–] [email protected] 10 points 1 week ago* (last edited 1 week ago) (1 children)

The person who proposed shutting off electricity was Doug Ford, the premier of Ontario who could in fact follow through. It would definitely be the nuclear option but it would disrupt the power grid of several norther states we border.

I don’t think it will come to that. I think the orange idiot just wants some politicians to grovel and pay his tithe at the last minute so he can feel powerful. He’s “warned” of tariffs too many times to make me think he’s serious.

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[–] FatherGascown 9 points 1 week ago (1 children)

I'll enjoy seeing the US go down.

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[–] [email protected] 8 points 1 week ago (1 children)

exclude oil, and the u.s. has a trade surplus with their northern neighbor.

so leaving oil without the extra tax, then there is not even that flimsy concept of an excuse to have the tariffs in the first place.

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[–] [email protected] 8 points 1 week ago

Mama didn't love him, now he's a grumpy old man with grievances.

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