• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Trump says Canada would have no tariffs as 51st state, as observers brace for trade war

by February 2, 2025
written by February 2, 2025

President Donald Trump repeated his suggestion that Canada become the 51st on Sunday, noting that it would not be subjected to his incoming tariffs should the country join the U.S.

‘We pay hundreds of Billions of Dollars to SUBSIDIZE Canada. Why? There is no reason,’ Trump wrote on TRUTH Social. ‘We don’t need anything they have. We have unlimited Energy, should make our own Cars, and have more Lumber than we can ever use. Without this massive subsidy, Canada ceases to exist as a viable Country. Harsh but true!’ 

‘Therefore, Canada should become our Cherished 51st State,’ Trump added. ‘Much lower taxes, and far better military protection for the people of Canada – AND NO TARIFFS!’ 

Trump has for weeks suggested the United States should take control of Canada through economic pressure.

Citing the flow of illicit drugs across the northern border, Trump signed an order Saturday to implement a 25% tariff on goods entering the United States from Canada. The order, which takes effect Tuesday, also puts a 10% duty on energy or energy resources from Canada. The order states, ‘gang members, smugglers, human traffickers, and illicit drugs of all kinds have poured across our borders and into our communities,’ adding that ‘Canada has played a central role in these challenges, including by failing to devote sufficient attention and resources or meaningfully coordinate with United States law enforcement partners to effectively stem the tide of illicit drugs.’ 

Trump also said he would implement tariffs of 25% on goods from Mexico, as well as 10% on imports from China due to the flow of drugs across U.S. borders.

Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum both vowed retaliation on Saturday. 

‘We categorically reject the White House’s slander of the Government of Mexico for having alliances with criminal organizations, as well as any intention to interfere in our territory,’ Sheinbaum said, adding that she instructed her administration officials to implement ‘tariff and non-tariff measures in defense of Mexico’s interests.’ 

Trudeau said Canada would impose 25% tariffs on $155 billion of U.S. goods, including ‘immediate tariffs on $30 billion worth of goods effective Tuesday, followed by further tariffs on $125 billion worth of American products in 21 days.’ 

‘I don’t think we’re not at all interested in escalating, but I think that there will be a very strong demand on our government to make sure that we stand up for the deal that we have struck with the United States,’ Canadian Ambassador to the U.S. Kirsten Hillman told ABC News’ ‘This Week’ on Sunday. 

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Costco and Teamsters reach tentative contract agreement, avoid strike
next post
JONATHAN TURLEY: End NPR’s taxpayer-funded gravy train

related articles

DHS scorches Pritzker’s ‘sanctuary’ state after child rapist...

May 1, 2026

Socialist mayor’s blunt 1-word message to fleeing millionaires...

May 1, 2026

DC police captain cites bodycam footage of officers...

May 1, 2026

Amazon explores ‘The Apprentice’ reboot with Trump Jr...

May 1, 2026

MN governor race to replace Walz sees major...

May 1, 2026

Trump’s apocalyptic Iran warning raises stakes for sweeping...

April 7, 2026

Graham eyes ‘down payment’ on Trump-backed SAVE Act...

April 7, 2026

Democrat whose parents fled Iran moves to oust...

April 7, 2026

Midterm alarm bells: Democrats face steep favorability deficit...

April 7, 2026

American journalist kidnapped in Iraq is set free,...

April 7, 2026
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Nobel Peace Prize recipient Machado pledges to return to Venezuela, sees ‘alarming’ internal crackdown

    January 6, 2026
  • Israeli ministers frustrated over US, IDF leak on Lebanon operation: Report

    October 1, 2024
  • Federal judge rules against Trump order halting sex change procedures in prisons

    June 3, 2025
  • MARK HALPERIN: Democrats try to construct a Frankenstein candidate while JD Vance gains momentum for 2028

    June 6, 2025
  • Commodity wrap: gold steady on rate cut hopes, oil rises on sanction fears

    December 19, 2025

Popular Posts

  • 1

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 2

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    CoreWeave eyes $1.5B bond raise to ease debt load following lacklustre IPO: report

    May 9, 2025
  • 5

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024

Categories

  • Economy (829)
  • Editor's Pick (8,507)
  • Investing (2,290)
  • Stock (1,028)

Latest Posts

  • Trump closes week with plans to reposition subs amid heightened Russia tension, new tariffs

    August 2, 2025
  • Morning Glory: The worst debate in the history of presidential debates

    September 12, 2024
  • Oil and natural gas: Oil is moving away from the weekly high

    August 28, 2024

Recent Posts

  • Sanders accuses Trump of pushing US and world ‘toward authoritarianism’

    January 22, 2026
  • Trump honors Charlie Kirk’s legacy and describes him as a ‘martyr for American freedom’

    September 22, 2025
  • Vitesse Energy stock: How safe is the 9% dividend yield?

    August 12, 2024

Editor’s Pick

  • Japanese eateries hike prices as tourist influx reaches record levels

    July 30, 2024
  • Trump foe Boasberg to grill DOJ over migrant flights in heated hearing

    July 24, 2025
  • New study exposes green energy org’s ties to CCP interests while undermining US

    June 11, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock