President Trump threatens 25% tariffs on Canada, Mexico; China tariffs hinge on TikTok deal
President Donald Trump announced plans to impose tariffs on Mexico and Canada as soon as February 1. Speaking to reporters on Monday, Trump suggested levies of 25%, citing concerns over border security and trade imbalances. We’re thinking in terms of 25% (levies) on Mexico and Canada because they’re allowing a vast number of people over the border.