Trump says tariffs on Canada, Mexico coming Saturday, deciding whether to tax their oil

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....rump says tariffs on Canada, Mexico coming Saturday, deciding whether to tax their oil<BR>News and Press Release<BR>Dated:- 31-1-2025<BR>PTI<BR>Washington, Jan 31 (AP) President Donald Trump said his 25 per cent tariffs on Canada and Mexico are coming on Saturday, but he's still considering whether to include oil from those countries as part of his import taxes. “We may or may not,” Trump tol....

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....d reporters Thursday in the Oval Office about tariffing oil from Canada and Mexico. “We're going to make that determination probably tonight.” Trump said his decision will be based on whether the price of oil charged by the two trading partners is fair, although the basis of his threatened tariffs pertains to stopping illegal immigration and the smuggling of chemicals used for fentanyl. Th....

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....e United States imported almost 4.6 million barrels of oil daily from Canada in October and 563,000 barrels from Mexico, according to the Energy Information Administration. US daily production during that month averaged nearly 13.5 million barrels a day. But Trump showed no concerns that import taxes on the United States' trading partners would have a negative impact on the US economy, despite t....

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....he risk shown in many economic analyses of higher prices. “We don't need the products that they have," Trump said. "We have all the oil you need. We have all the trees you need, meaning the lumber.” The president also said that China would pay tariffs for its exporting of the chemicals used to make fentanyl. He has previously stated a 10 per cent tariff that would be on top of other import....

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.... taxes charged on products from China. (AP) GRS GRS<BR> News - Press release - PIB....