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Analysis

Trump signs seafood industry-punishing order to place 25% tariffs on Canada, Mexico; 10% on China

The president said he hoped that Americans would understand why he was imposing the tariffs. 'Tariffs don't cause inflation,' he said. 'They cause success'

By Jason Huffman | Feb. 1, 2025 23:39 GMT
US president Donald Trump at a campaign rally in Arizona in 2024. Photograph by Gage Skidmore on Wikimedia.
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Credit: vvoe/Shutterstock.com

World Trade Organization chief urges more dialogue between US, trading partners

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US president Donald Trump on Saturday (Feb. 1) made good on his promise and signed an executive order that places 25% tariffs on products imported from Canada and Mexico, while adding another 10% to the 25% tariffs already paid for Chinese goods. [...]

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Contact the author jason.huffman@undercurrentnews.com

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