Trump says Canada and Mexico to be hit with 25% tariffs on Saturday

Canadian oil will be hit with a lower levy of 10%, likely by mid-February, President Trump says.

4 comments

This should read "America to be hit by 25% tarrifs on Canadian and Mexican goods" because that's how tariffs work.

He's literally just threatening to take more money from American consumers. Yeah, that might change who different companies do business with, but we're eating the ticket cost unless they lower prices by 25%.
Around 40% of the crude that runs through US oil refineries is imported, and the vast majority of it comes from Canada.

Does this mean gas prices will go up? Heating bills?
- And fruits/veggies, and cars (many parts are imported before final assembly), and even medical devices.
  
  Welcome to the next market downturn.
Who falls first construction or food service industry?