President Donald Trump has set a Saturday deadline to impose a 25% tariff on all imports from Mexico and Canada.
The administration asserts that these tariffs will remain until both neighboring countries take substantial measures to curb the flow of unauthorized migrants and illicit drugs into the United States.
This announcement follows a recent agreement with Colombia, where the threat of similar tariffs led the Marxist president to fold like a cheap suit and begin accepting deported migrants.
In a statement from the Oval Office Thursday, President Trump emphasized the urgency of the situation.
“Mexico and Canada have never been good to us on trade. They’ve treated us very unfairly on trade,” Trump said.
“We’ll be announcing the tariffs on Canada and Mexico for a number of reasons. Number one is the people that have poured into our country so horribly and so much.
“Number two are the drugs, fentanyl and everything else that have come into the country. Number three are the massive subsidies that we’re giving to Canada and to Mexico in the form of deficits.
“I’ll be putting the tariff of 25% on Canada and separately 25% on Mexico. We will really have to do that because we have very big deficits with those countries. Those tariffs may or may not rise with time,” Trump said.
When asked about whether he would impose tariffs on Canadian and Mexican oil, Trump said, “We may or may not. We’re going to make that determination probably tonight.”
Hellbound and Down 