U.S. President Donald Trump announced Thursday that he would soon decide whether to impose a 25% tariff on oil imports from Canada and Mexico. The decision, expected by nightfall, will depend on oil prices and whether the countries "treat us properly," Trump stated.
The tariffs, set to take effect Saturday, aim to pressure Canada and Mexico into taking stronger action against illegal migration and fentanyl shipments entering the U.S. Trump indicated the tariffs could rise over time and would be applied for multiple reasons.
Additionally, Trump is considering tariffs on Chinese imports due to Beijing’s alleged role in fentanyl distribution. He suggested imposing a 10% duty on all Chinese goods, reinforcing prior tariffs on $370 billion worth of imports. "China has to stop sending fentanyl into our country and killing our people," he emphasized.
Chinese President Xi Jinping previously pledged to curb fentanyl shipments in discussions with then-President Joe Biden, though Beijing has urged the U.S. to address domestic drug demand.
Mexico’s economy ministry declined to comment, and the office of Canadian Prime Minister Justin Trudeau has yet to respond.
These potential tariffs come as Trump pushes for stronger border control and trade measures, escalating tensions with key U.S. trading partners.