Trump insists he will impose 25% tariffs on Mexico and Canada on February 1
The president claims that the two countries have not stopped drugs and migrants crossing their borders into the US, and is irked by the significant trade deficit with both
The threat is not new and until it is actually carried out, Donald Trump can always change his mind. However, the February 1 deadline for imposing 25% tariffs on imports from Mexico and Canada is almost here. Trump claims these two countries have not only failed to stop drugs and migrants crossing their borders into the U.S., but that it is unfair that Washington has a high trade deficit with both. The 25% tariff threat is a way of pressurizing Mexico and Canada into renegotiating trade agreements and forcing a better balance of trade.
