U.S. President Donald Trump announced Thursday that he would soon decide whether to impose a 25% tariff on oil imports from Canada and Mexico. The decision, expected by nightfall, will depend on oil prices and whether the countries "treat us properly," Trump stated.
The tariffs, set to take effect Saturday, aim to pressure Canada and Mexico into taking stronger action against illegal migration and fentanyl shipments entering the U.S. Trump indicated the tariffs could rise over time and would be applied for multiple reasons.
Additionally, Trump is considering tariffs on Chinese imports due to Beijing’s alleged role in fentanyl distribution. He suggested imposing a 10% duty on all Chinese goods, reinforcing prior tariffs on $370 billion worth of imports. "China has to stop sending fentanyl into our country and killing our people," he emphasized.
Chinese President Xi Jinping previously pledged to curb fentanyl shipments in discussions with then-President Joe Biden, though Beijing has urged the U.S. to address domestic drug demand.
Mexico’s economy ministry declined to comment, and the office of Canadian Prime Minister Justin Trudeau has yet to respond.
These potential tariffs come as Trump pushes for stronger border control and trade measures, escalating tensions with key U.S. trading partners.


Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions
Japan Election 2026: Sanae Takaichi Poised for Landslide Win Despite Record Snowfall
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment
TrumpRx.gov Highlights GLP-1 Drug Discounts but Offers Limited Savings for Most Americans
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out
US Pushes Ukraine-Russia Peace Talks Before Summer Amid Escalating Attacks
Pentagon Ends Military Education Programs With Harvard University 



