Trump says 25% tariffs on Canada, Mexico could come Feb. 1

By Alexander Panetta
CBC News
January 20, 2025
Category: Business & Politics
Region: Canada, United States

Donald Trump has loaded the trade gun. He hasn’t pulled the trigger one day into his latest presidential term. But he insists it’s coming. Sitting in the Oval Office for the first time in four years, Trump said he’s planning to imminently follow through with the massive tariffs he’s threatened against Canada and Mexico. “We’re thinking in terms of 25%,” Trump told reporters, repeating his complaints about the border and fentanyl. The timeline remains fuzzy: Trump signed an executive order demanding a report by April 1 on the border, migration and fentanyl, which singled out Canada, Mexico and China. America’s neighbours have now received a swift reminder of life under Trump as a never-ending roller-coaster of real threats, unfulfilled threats and negotiation. …Foreign Affairs Minister Mélanie Joly said Canada has a threefold plan that includes preventing tariffs, preparing possible retaliatory measures and working on ‘our long-term response.’

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