President Trump plans 25% tariffs on Canada and Mexico, starting Feb 1, to address border concerns.

President Trump announced plans to impose 25% tariffs on imports from Canada and Mexico starting February 1st, citing concerns over migration and fentanyl crossing borders. The move could lead to higher prices for American consumers and potential retaliatory tariffs from the two countries. This decision is part of Trump's plan to overhaul the trade system to protect American workers and families. While not yet finalized, the federal government is preparing multiple plans in case the tariffs are implemented.

January 21, 2025
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