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Trading news
27 Jan 2025
US President Trump advisers want to hit Canada, Mexico with 25% tariffs on February 1 – WSJ
In a gated story, the Wall Street Journal (WSJ) reported on early Monday that “momentum is growing among US President Trump’s advisers to place 25% tariffs on Mexico and Canada as soon as February 1.
The advisers do not want to wait for any negotiations or talks.
An unnamed 'Senior administration official' in the report said Trump is willing to move quickly, citing the President’s imposition of tariffs on Colombia.
Additional takeaways
“Trump views tariffs as an “effective negotiating tool” and “effective punishment” for nations that don’t hew to his agenda.”
“The President remains “very serious” about his threats to Mexico and Canada and expects them to cooperate.”