Trump to impose 25% tariffs on Canada and Mexico, considers China levies

US President Donald Trump has stated that he will follow through on his commitment to levy 25% border levies, often known as tariffs, on goods from Canada and Mexico on February 1.

However, he stated that a decision on whether to include oil from those countries had not yet been made.

Speaking to reporters in the Oval Office, Trump stated that the decision was intended to address the vast number of undocumented migrants and fentanyl that breach US borders, as well as trade disparities with its neighbours.

The president also hinted that he was still preparing to put fresh tariffs on China, which he had stated earlier this month would be 10%, but provided no details.

“With China, I am also thinking about something because they are sending fentanyl into our country, and because of that, they are causing us hundreds of thousands of deaths,” Mr. Trump added.

“So China is going to end up paying a tariff also for that, and we are in the process of doing that.”