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Trump has signed an executive order slapping a 25% tariff on imports from Canada, with a 10% charge on natural gas and oil. Under it, Mexico will also be hit with a 25% tax on imports, including oil.
Major U.S. companies such as Walmart, AutoZone and Lowe’s have already warned of price hikes if new tariffs take effect. Trump’s tariffs from his first term increased consumer prices in the ...
U.S. consumers will see higher prices at the gas pump from President Donald Trump's decision on Saturday to apply tariffs on Canadian and Mexican oil, according to analysts and fuel traders. The ...
Since the 1980s, Trump has argued that foreign nations were "ripping off" Americans on trade matters. After he became president in 2017 and again in 2025, he imposed tariffs against foreign countries in retaliation, incorrectly insisting those countries pay his tariffs. However, the tariffs are paid by American importers in practice. [2]
Trump also struck a deal with Canada to delay his 25% tariffs on Canadian goods (10% on oil and natural gas) for a month. But 10% tariffs on China are expected to go into effect Feb. 4.
[10] [11] China implemented retaliatory tariffs equivalent to the $34 billion tariff imposed on it by the U.S. [12] In July 2018, the Trump administration announced it would use a Great Depression-era program, the Commodity Credit Corporation (CCC), to pay farmers up to $12 billion, increasing the aid to $28 billion in May 2019. [13]
Gas, food and alcohol prices would also rise if Trump imposed Canadian and Mexican tariffs.. Sneaker prices would rise if Trump raised tariffs on China: About 99% of shoes sold in the United ...
The US imported $97 billion worth of oil and gas from Canada last year, that country’s top export to the US. ... Nebraska, North Dakota, Ohio, Pennsylvania, South Dakota and Wisconsin, he said ...