Friday, January 31, 2025

Canada And Mexico Tariffs Set To Take Effect This Saturday – One America News Network

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WASHINGTON, DC - JANUARY 30: U.S. President Donald Trump talks to reporters from the Resolute Desk after signing an executive order to appoint the deputy administrator of the Federal Aviation Administration in the Oval Office at the White House on January 30, 2025 in Washington, DC. Trump also signed a memorandum ordering an immediate assessment of aviation safety and ordering an elevation of what he called “competence” over “D.E.I.” (Photo by Chip Somodevilla/Getty Images)
U.S. President Donald Trump talks to reporters from the Resolute Desk after signing an executive order to appoint the deputy administrator of the Federal Aviation Administration in the Oval Office at the White House on January 30, 2025 in Washington, DC. (Photo by Chip Somodevilla/Getty Images)

OAN Staff James Meyers
11:53 AM – Friday, January 31, 2025

President Donald Trump announced on Thursday that he plans to follow through in imposing 25% tariffs on goods imported from Mexico and Canada — starting this Saturday, February 1st.

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“We’ll be announcing the tariffs on Canada and Mexico for a number of reasons,” Trump told reporters in the Oval Office. He noted the mass movement of migrants at the southern border, the increase in fentanyl into the U.S. and the trade deficit the U.S. has with its neighboring countries.

“I’ll be putting the tariff of 25% on Canada and Mexico, and we will really have to do that because we have very big deficits with those countries,” he said. “Those tariffs may or may not rise with time.”

Trump continued, explaining that the decision on whether oil imports would be included in the policy is dependent on if the two countries “treat us properly.” However, his final decision in regards to the oil has yet to be announced or confirmed.

“We may or may not. We’re going to make that determination, probably tonight, on oil. Because they send us oil, we’ll see. It depends on what the price is. If the oil is properly priced, if they treat us properly, which they don’t,” Trump said.

“Look, Mexico and Canada have never been good to us on trade,” he continued. “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.”

The action comes after Trump first made his threat in the final days of the 2024 campaign, after he threatened to impose tariffs on all imports from Mexico, unless the Mexican government helped cut down the flow of illegal aliens and fentanyl coming through the southern border. 

Later on, he expanded the threat to include both Canada and China. 

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