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.
This would be beautiful. I remember when there were mod-chip stores beside internet cafes, where i could bring my xbox and pay to have a chip and a hard drive installed that let me copy any game i wanted from a rented disk or downloaded off the internet right onto the console. I still have that console and pulled it out during quarantine to make use of the huge library of games on the hard drive. Having this sort of freedom for all types of goods and electronics would be incredible, but i doubt it will ever happen.