(Worthy News) – President Donald Trump announced he will implement 25% tariffs on imports from Canada and Mexico beginning Saturday, pointing to illegal immigration, significant trade deficits, and the flow of fentanyl as primary motivators. He also noted that he is evaluating whether to extend these tariffs to include oil from both countries.
“Number one is the people that have poured into our country so horribly and so much. Number two are the drugs, fentanyl and everything else that have come into the country. Number three are the massive subsidies that we’re giving to Canada and to Mexico in the form of deficits,” he said.
Trump mentioned that the 25% tariff rate “may or may not rise with time,” indicating it could be just the beginning.
He also hinted that he is deliberating whether to exempt a major import—oil—from the tariffs, with a decision expected by Thursday evening based on oil prices.
According to the Energy Information Administration, the United States imported approximately 4.6 million barrels of oil daily from Canada and 563,000 barrels from Mexico in October, while U.S. daily production averaged nearly 13.5 million barrels.
Critics argue that implementing tariffs on Canada and Mexico, key US neighbors and trading partners, could lead to severe economic repercussions, disrupt markets, and risk triggering a trade war by compromising the protections afforded by a trilateral free trade agreement.
Copyright 1999-2025 Worthy News. This article was originally published on Worthy News and was reproduced with permission.
Latest Stories from Worthy News
Iran threatened Friday to launch a regional war and suggested it could build an atomic bomb if its nuclear sites are attacked by Israel or the Jewish nation’s allies, such as the United States.
President Donald J. Trump is expanding trade tariffs on China after announcing similar measures for Canada and Mexico.
Tensions remained high Friday in Pakistan’s Punjab Province after local police detained a mentally challenged Christian on charges of blasphemy against Islam, Christians told Worthy News.
Sweden says it has detained five people over the killing of an Iraqi refugee who sparked outrage among Muslims by burning the Koran in protest in Sweden in 2023.
President Donald Trump confirmed that he will impose 25% tariffs on imports from Canada and Mexico starting Saturday, citing large trade deficits and the flow of fentanyl as key reasons. He also mentioned that he is still considering whether to include oil from these countries in the tariffs.