Name: Trump may hit Canada with 25% tariffs on Feb.1
Uploaded: 2025-01-21T16:06:46.107Z
Duration: 1 min 57 s
Description: U.S. President Donald Trump has threatened to impose a 25% tariff on everything imported to the U.S. from Canada as early as Feb. 1. Trump says Canada is allowing mass numbers of people and fentanyl to enter the U.S.

U.S. President Donald Trump has threatened to impose a 25% tariff on everything imported to the U.S. from Canada as early as Feb. 1. Trump says Canada is allowing mass numbers of people and fentanyl to enter the U.S.

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Donald Trump is preparing to take office after defeating Kamala Harris in the U.S. Presidential election.

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U.S. President Donald Trump has announced the possibility of imposing a 25% tariff on imports from Canada. This move is reportedly due to the alleged allowance of illegal border crossings and fentanyl smuggling into the United States. Trump mentioned a potential deadline for these tariffs, pointing to the beginning of February as the starting point for these punitive measures.

The announcement has prompted Canadian Prime Minister Justin Trudeau to prepare a response during the Liberal cabinet meeting in Quebec. This is the first time President Trump has provided a specific timeline for enforcing tariffs on Canada and Mexico. Trump’s comments align with statements made during his inauguration, where he outlined an economic agenda focused on utilizing tariffs to encourage companies to relocate their production to the United States.

The proposed tariffs are part of President Trump's broader strategy to bring revenue into the U.S. Treasury and are positioned as incentives for international companies to move their operations within U.S. borders. However, Canadian officials have approached the situation with caution, remaining vigilant about the implications these tariffs could bring.



Trump may hit Canada with 25% tariffs on Feb.1

Donald Trump's new and now sharpening tariff threat. Prime Minister Justin Trudeau will be speaking to it today at the Liberal cabinet retreating in Quebec, responding to Trump's musings last night about slapping a 25% tariff on Canadian imports as early as next week. We're thinking in terms of 25% on Mexico and Canada because they're allowing vast numbers of people, Canada's a very bad abuser also, vast numbers of people to come in and fentanyl to come in. When do you think you would enact those? I think February 1st. That's the first time the US president is setting a deadline for punishing tariffs on Canada and Mexico. That new detail coming out as Trump took questions while signing executive order after executive order on his first night back in the White House. Trump also sounds to be returning to the rationale he gave when he first posted his tariff threat on social media, pointing to what he claims as illegal border crossing and drug smuggling. But Trump is also revealing more about how tariffs could fit into his economic agenda. We're gonna have a lot of companies coming in to avoid tariffs. You know, if you don't want tariffs, all you have to do is build your plant in the US. Trump's talk about using tariffs to push businesses to move their production from places like Canada to the US came just hours after his inauguration speech touched on his tariff agenda too. In that speech, Trump talks about using tariffs to bring money into the US treasury, saying that his administration would tariff and tax foreign countries to enrich Americans. But until his musing about a February 1st deadline for Canada last night, those lines in his speech amounted to the only talk about tariffs on inauguration day, leaving Canadian leaders on guard, but cautious about what could come.

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