January 07, 2025 17:05 GMT
US: Trump Says He Is Very Serious About Mexico/Canada Tariffs
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US President-elect Donald Trump, speaking at his Mar-a-Lago presser, has stated he is "very serious" about imposing "substantial" tariffs on Canada and Mexico, noting that his incoming administration "wants to get along with everyone" but it "takes two to tango".
- Trump said: "We'll impose new tariffs so that the products on our stores will once again be stamped with those beautiful words: Made in the USA, and we are not treated well, as you know, by Canada. Canada is subsidized to the tune of about $200 billion a year, plus other things...something's going to have to be done. Same thing with Mexico. We have a massive deficit with Mexico, and we help Mexico a lot."
- Trump added: "... Mexico has to stop allowing millions of people to pour into our country. They can stop them. And we're going to put very serious tariffs on Mexico and Canada, because Canada, they come through Canada too, and the drugs that are coming through are at record numbers, record numbers. So we're going to make up for that by putting tariffs on Mexico and Canada, substantial tariffs."
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