this post was submitted on 03 Mar 2025
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United States | News & Politics

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Trump says Canada, Mexico tariffs to take effect on Tuesday; stocks tumble (www.reuters.com)
submitted 4 weeks ago by IndustryStandard@lemmy.world to c/usa@lemmy.ml
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WASHINGTON, March 3 (Reuters) - U.S. President Donald Trump said on Monday that 25% tariffs on goods from Mexico and Canada will definitely take effect on Tuesday, raising fears of a trade war in North America and sending financial markets reeling.

"They're going to have to have a tariff. So what they have to do is build their car plants, frankly, and other things in the United States, in which case they have no tariffs," Trump said at the White House. He said there was "no room left" for a deal that would avert the tariffs by curbing fentanyl flows into the United States.

Trump's comments sent U.S. stocks down sharply in late afternoon trading. The dollar rose against the Mexican peso and the Canadian dollar following his remarks.

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[–] Kyle_The_G@lemmy.world 15 points 4 weeks ago (1 children)

I think we all know it was never about fentanyl. Lets just not play the game, tell the US to get fucked and partner up with new friends.

[–] TheCriticalMember@aussie.zone 14 points 4 weeks ago (1 children)

I'd love to see a higher level of cooperation between all world leaders to the specific exclusion of the US, to make it clear that putting this repugnant imbecile in a position to bully smaller countries to the advantage of his oligarch friends is unacceptable. The US wants to punish the world with trump, the rest of the world needs to punish the US for trump.

[–] gravitas_deficiency@sh.itjust.works 3 points 4 weeks ago (1 children)

American here. That does sound like a very proportional, appropriate, and correct response.

[–] TheCriticalMember@aussie.zone 2 points 4 weeks ago (1 children)

I'm not an America hater. My wife is American, our kids were born in America, and I lived there for 10 years and have many fond memories. But I'm absolutely disgusted by what it's become, and by everyone who supports it. I'll never set foot there again and neither will my wife, by her own vow.