Washington: So, Trump’s back in action, and he’s already talking about new tariffs. He didn’t kick things off with any on his first day, but he’s eyeing a 25% tariff on imports from Canada and Mexico, possibly starting February 1.

He mentioned that these tariffs are partly due to concerns over border issues and drug trafficking. When asked about the timing, he was pretty clear: “I think February 1.”

Trump Announces New Tariffs by February 1: What It Means for Americans
This isn’t just a random thought; it’s part of a broader strategy he hinted at back in November. He’s also keeping the door open for a universal tariff on all imports, saying it’s not off the table.

Now, how he plans to implement these tariffs is still a bit murky. Experts are worried that if he goes through with it, prices for everyday items could rise. We get a lot of stuff from Canada and Mexico, like oil and car parts, so it could hit us hard.

Trump insists that these tariffs will actually benefit the U.S. economy, claiming they’ll make us “rich as hell.” His team hasn’t given much detail yet, so we’re all waiting to see how this plays out.

He’s also sent out a memo asking federal agencies to review trade policies and their effects on American businesses. Plus, he’s talking about creating a new agency to handle tariffs, which is a bit confusing since we already have Customs and Border Protection for that.

On the campaign trail, he floated some hefty tariffs on China and other nations, but it’s unclear when or if those will happen. Experts think he might use the idea of a universal tariff as a bargaining chip rather than actually going through with it.

So, it looks like we’re in for some interesting times ahead with trade policy, and it’s definitely something to keep an eye on.

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