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Trump: Oil Will See 10% Not 25% Tariff Feb. 1; Experts Say Collection Can't Begin That Soon
January 31, 2025 by Mara Lee, Joanna Marsh and Ian Cohen|Top News

President Donald Trump told reporters that there are no concessions Mexico, Canada or China could make to avoid tariffs on Feb. 1, which he wants to use to punish them for trade deficits, fentanyl trafficking, and, in the case of Canada and Mexico, migration across their borders.

Topics:Customs duty, USMCA, Section 201 Safeguards, Trump tariffs