President Donald Trump speaks to members of the press at the White House Oval Office on January 30, 2025.
Kent Nishimura for Washington Post Gety pictures
Donald Trump confirmed that he will impose a 25 % tariff on imports from Mexico and Canada, as of February, to follow the threats issued weeks ago.
The battle tariff will enter the products of countries on Saturday, February 1.
However, in his conversation with the correspondents at the Oval Office on Thursday evening, Trump told the correspondents that his administration has not yet determined whether the oil imports will be included in politics, noting that the decision was installed on whether the two countries were “dealing correctly” and ” If the oil is properly priced. “
“Oil will not have anything to do with it as much as I am concerned,” he said. “We will likely clarify this design tonight on oil. Because they send us oil, we will see – this depends on its price.”
Contracts march for Brent crude – The global standard for oil prices was marginally higher at 8:06 am London time, as it was circulated by about $ 76.92 a barrel.
Trump told reporters that the duties looming on the horizon are used for “several reasons” and “may rise or not rise over time.”
“The first number is the people who were terrible in our country and many,” he said. “The second number is Ventanil drugs and everything else has reached the country, and the third number is the huge subsidies that we offer to Canada and Mexico in the form of a deficit.”
“I will put a 25 % tariff on Canada and 25 % separately on Mexico, and we will really have to do this because we have a very large deficit in those countries,” he added.
Threats to respond to type
Representatives of Mexican and Canadian governments were not immediately available to comment when calling them by CNBC, although both countries have previously pledged to respond to the definitions with their own measures.
“If there is an American tariff, Mexico will raise a tariff.” He said at a press conference last week, according to the news agency, Reuters, adding that this would lead to a rise in prices for American consumers.
Speaking to “Squawk on the Street” from CNBC earlier this month, Canadian International Trade Minister Mary NG said everything on the table “when it comes to responding to the US tariff, and refused to exclude export taxes to energy exports to the United States .
“If you are going to put a customs tariff on Canada, what you’ll do really is to make things more expensive for Americans,” she said.
There are also fears that the definitions will strike consumers in Canada and Mexico. Earlier this week, for example, the Canada’s policy makers warned that these measures taken by the United States could create continuous inflation in the country.
both of them Mexican weight and Canadian dollar It rose against the US dollar on Friday morning, and the losses that were seen overnight.
Peso rose 0.3 % at 8:18 am London time, while the Canadian dollar gained 0.2 % against Greenback.
