President Donald Trump said on Thursday that he will likely go ahead with placing 25 percent tariffs on Mexico and Canada starting Feb. 1.
“I’ll be putting the tariff of 25 percent on Canada and Mexico, and we will really have to do that because we have very big deficits with those countries,” he told reporters in the Oval Office. “Those tariffs may or may not rise with time.”
He added that the administration will impose the tariffs “for a number of reasons” including the influx of illegal immigrants at the U.S.–Mexico border, fentanyl trafficking, and the trade deficit with Mexico and Canada....
