In the first two weeks of his second term, President Donald Trump is acting quickly and following through on his campaign promises. Repeatedly, he has promised to authorize tariffs against Canada and Mexico for their inadequate level of cooperation in stopping the flow of drugs and illegal immigrants into our country.
On Saturday, Trump followed through on his promise by signing an executive order which levels 25% tariffs on goods from Canada and Mexico. There will also be a 10% tariff on goods from China and “energy resources from Canada.” According to White House Press Secretary Karoline Leavitt, the tariffs were enacted because “these nations have all enabled illegal drugs to pour into America.”
Of course, these actions will undoubtedly have a temporary impact on our economy. Currently, 60% of our crude oil imports and 85% of our electricity imports are from Canada, which also is “the largest foreign supplier of steel, aluminum and uranium to the U.S.”
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