Trump Announces 25% Tariffs on Mexico and Canada by February 1

US President Donald Trump has announced plans to impose tariffs of up to 25% on Mexican and Canadian goods by February 1, amid concerns over fentanyl trafficking and undocumented migration. The move is a repeat of previous threats made by the president, who claims that America’s closest neighbors are allowing drugs and migrants to flood into the US.

Source: https://www.bloomberg.com/news/articles/2025-01-21/trump-plans-to-enact-25-tariffs-on-mexico-canada-by-feb-1