Trump tariffs: President to hit Canada, Mexico and China with tariffs
www.bbc.com
Canadian oil will be hit with a lower levy of 10%, likely by mid-February, President Trump says.

Summary

Trump announced that 25% tariffs on imports from Canada and Mexico will take effect on February 1, though a decision on including oil remains pending.

He justified the move by citing undocumented migration, fentanyl trafficking, and trade deficits.

Trump also hinted at new tariffs on China.

Canada and Mexico plan retaliatory measures while seeking to address U.S. concerns.

If oil imports are taxed, it could raise costs for businesses and consumers, potentially contradicting Trump’s pledge to reduce living expenses.

  • r0ertel@lemmy.worldEnglish
    5·
    1 day ago

    Probably not, but it could open up a whole new set of business possibilities for creative Canadians. As the article points out, building repair kits for cars & tractors to sell world wide or selling printer ink bypass kits or mandating in country app stores.

    I’m no economist, but I don’t think this will offset the cost of the US tariffs to everyday Canadians, but it will steal profits from US companies who will cry to uncle trump that Canada’s stealing their lunch money. He may reconsider the tariffs.

    If I had my way, Canada would also make a statement that US copyright works are not copywritable in Canada, so copy & distribute to the world. Worst case, Canadians get free US music, movies & software. Best case, concerned US companies establish a presence in Canada and pay taxes, bring jobs, etc.

    • SpaceCowboy@lemmy.caEnglish
      21·
      1 day ago

      As the article points out, building repair kits for cars & tractors to sell world wide or selling printer ink bypass kits or mandating in country app stores.

      Canada deciding to not follow IP laws doesn’t mean the rest of the world no longer follows IP laws. These ideas would be for products that could only be sold in Canada and they’d have to compete with US products in the Canadian market. because under this proposal there would be no tariffs on US products.

      This is one of those ideas that people in a single issue frame of mind come up with. Don’t like IP laws? Every single problem is an opportunity to get rid of IP laws and getting rid of IP laws will solve every problem.