Pres. Trump announces oil and gas tariffs on Mexico and Canada, considering tariffs on the EU
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- Опубликовано: 6 фев 2025
- CNBC's Megan Casella joins 'Closing Bell Overtime' with updates on teh White House's growing tariff policies. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/42d859g
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Get ready for that $5 a gallon gas.
Remember, you voted for it.
Let's not forget the eggs.
That will be cheap
@@vitovaruzza6353 Eggs in Canada are $2.70 (US), thanks to marketing boards up there.
@@vitovaruzza6353 And the bacon...
Heck, that is cheap! Try £8 per gallon as in GB! Plenty of scope for prices to go a lot higher!
“Trump’s tariffs are an attack on Canadian jobs and businesses, but we, the people, have the power to fight back. Every dollar we spend is a vote-so let’s stop funding those who undermine us. Boycott U.S. products, support local businesses, and show that economic power belongs to the people, not politicians. Change starts with us-buy Canadian, invest in our future!”
Yes, count me in.
Its an attack on our government which is led by people acting like narcissistic teenagers. Canada isn't a serious country with the Turd and libs at the helm
Canadians are too soft to do much of anything. Trudeau has destroyed your country. You should be the 51st state and be done with it.
@@branmakster two words .. trade imbalance
@@NBMonkey2 words: economic warfare.
This is not going to end well America
We will hit the USA so hard this time. It will remind them of the war of 1812. Le Canada est un pays fière et extrêmement solide.
Bidenomics
muh illegals! How dare trump cut off Dems cheap labor and cheap voters.
@@chiquita683 did you say ‘bite-me-omics’?
Go ask Trump if you can use his gold toilet to park your bullshat in.
@@chiquita683 MAGA DUMMIES...
I can't believe I am witnessing the collapse of an empire in real time. Bless your hearts.
yep, USA will be a 3rd world country in 4 years
It’s been happening for a while. He’s just expediting it.
He will just blame the higher prices on DEI and his supporters will believe it
That's right, blame Donald & Elon Inc!
@@Ifoughtpiranhaswell it is trumps fault like usual
@@moveezy5591 “his supporters “. You mean the majority?
@@NBMonkey okay and? What does majority have to do with the term "his supporters". He can have a 90% majority or 10% minority and they are still called "his supporters"... Man the US education system really needs more funding.
@NBMonkey a sucker is born every minute and that majority will suffer more than anyone else but because he will tell you it's alright you will believe it
Crazy. Americans will pay the price.
🎯💯
Did you know America used to only run on tariffs and no income tax?
Have been the last 60 years your turn now
You don’t get it do you ???? He knows CANADA will crumble. And that’s the point
@@happyappy19931facts !
I hope the MAGA are consistent and break out the "Trump did this ->" stickers for the gas pumps.
I'm definitely getting one of those
Then we will know who the traitors are. Thanks!
@@Nomoreofthis-zd4fi saw a dude in a huge diesel truck with aboutb1,500 pounds of extra brush guards and lights on it putting one of those on a pump. It was ridiculous.
Just bought a 100 pack of stickers, ,gonna hit the supermarkets for the eggs!, gas stations, probably need way more!
Libercrats parroting off propaganda. Good little children.
Using tariffs to punish countries who don't obey him 😭 American will end up paying for these tariffs
Trump claimed that he would help his supporters... there you go Trump supporters!
Actually it's the foreign companies US subsidiary that pays tariffs to import. US sub increases price, but no one buys. They later sell well below margins and take a loss.
@@Wendy-e7d8r here’s a good question why would Canadian leadership say no to stopping fentanyl from coming into the United States? All they have to do say yes and put some drug sniffing dogs at the border.
That's the real reason he is inflicting them. He is purposely trying to destroy the country, while enriching himself. You don't think the tariff money will go to the treasury, do you?
@@getlost3346you don’t have a clue 🤣😂🤣😂🤣
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Tariff Tesla
And starlink
Tesla is in china they are
@@mish_hell_no8757yep, anything not made here and sent here will be taxed hugely (tariffed). We are about to see $7/gal gas even in cheap states, $10 eggs, high bread and lumber prices, HIGH car prices even on used, very high electronics prices due to chip tariffs and regular tariffs. A simple and cheap $200 school laptop could now easily be $600 or more
@@mish_hell_no8757do you understand that Canada and Mexico can impose tariffs on Tesla right ?
@@betoperez8634of course but this is a US news post. Retaliatory tariffs by Canada or Mexico or China have not been announced
Sell Canadian oil and gas to China, China needs a lot of oil and gas!!
No pipelines. Government didn’t build anything like LNG port or pipelines
China? Lol they will buy from Russia 2 times cheaper!
Seriously. Canadian ministers are coming on media and saying how Canada and America are allies in their war against China.
You think China would want Canadian oil
Yes im from Europe and stopped buing things from the USA because of Trump and Republicans i support China and their economy now :) Trump did this
@@HR-uf9sj Thanks Trudeau, Butts, and Tilford
Canada - Drop the purchase of 80 F-35s.
That’s the very first thing we should do
The US military has invested in two mines in Ontario 20 billion per mine , In that contract right away
Good you don't deserve them 😂
@@badnacho1428 Buy Swedish Grippens instead
@@StephenRoss-po1rp Yeah you're about to be in the 51st state.
🥱 yawning, come up with some new material that was funny the first two days when people were talking about it
Canadians do not want to be part of the United States that will never happen
And the United States has never won a war so nobody’s threatened by you.
The Taliban were literally dudes and dresses and sandals, and you couldn’t defeat them
Did you ever get the billions of dollars of military equipment they took off you?
Stop selling oil to the US at discount prices. Lots of other buyers out there who'll actually pay a fair price.
All the Canadian govt had to do is impose an export tax….say 25%
Definitely not that simple and it’s all about refineries that can handle heavy sour crude
Just do not sell ANYTHING to the u.s. nothing at all
you do realize we are the biggest importers of oil in the world right? who are they going to sell it to without all the added logistics and competition i hate to break it to you but the answer is they would loose money
while also being the biggest exporter
art of da deal trikes da gan
I’m American and completely stand with Canada, Mexico and any other nation with the guts to stand up to Felon 47.
"So it begins" The Revenge Tour is now World Wide!!!
It’s not about revenge.
@@happyappy19931 Oh it is!
🤣🤣🤣🤣🤣🤣
@@OitsU613 you know this how?
@@happyappy19931 Let me quote Donald Trump "I have Common Sense"
All companies around the world just going to start finding other markets, it's impossible to trade with a country that every 4 years keep changing the rules
The US IS THE MARKET. Everyone knows this
@@johnslater7718 yes 100%. USA cannot be a long term partner.
Decades of Friendship with our neighbours has now been destroyed! We Stand with Canada Mexico etc.
With neigbors like them, who needs neighbors?
Speak for yourself honey
By the way, you misspelled "neighbors" because you are NOT an American. You just inadvertently outed yourself.
America treats it's enemy's horrible, it treats it's friends worse.
@@stampoutup-talking1436 Are you talking about America? 😃
💯 CERTIFIABLY INSANE.
WE ARE DOOMED IF SOMEONE DOESN'T DO SOMETHING.
Threat reported
Who will cave first, Mexico or Canada?
@@commenter...3344 pick a side… Trump, or sanity and the rest of the world.
@chiquita683 You are a fairy. My dad who was a Marine always called you type candy asses
Don't worry - SCOTUS certified that the lunatic could do just as he pleases - he is now your Emperor
Why only 10% on Oil? The president said that the US doesn't need Canadian Oil. Bring it up to 25% or 50%. Us bad Canadians deserve it. Canadian retaliatory response should be a huge export tax on Canadian Oil. They don't need it anyways so it won't hurt Americans at all.
Damn right.
Just stop exporting to the u.s.
@@richardbeard6100 We dont WANT it or NEED it. Drill Baby Drill. Frac Baby Frac.
You are fracked in the head😅@@stampoutup-talking1436
@@stampoutup-talking1436 the US is already drilling at close to capacity. The oil companies wasn’t even interested in more contracts to drill more.
It's time for Canada to turn off the discounted hydro.
Trump the Tarrifist - attacks the Sovereignty and Security of the US’s closest ally with Economic Warfare
But your OK with their tariffs on us ?? GTFOH!!!
Huh? NO TARIFFS ROBIN!! Not on anyone - Trump is attacking Canada 🇨🇦 with a form of Economic Warfare - he’s punishing a country that has been the USA’s closest ally - get it now? If your Canadian, get on board - if not enjoy the President you elected and the money you going lose to your new Billionaire Government Lol
Look forward to higher prices at the pump and higher cost for electricity in the midwest.
Look forward to higher prices on everything.
Wait until lumber goes up again. This time they won't have Biden to blame but probably still will
Oh BULL! MAGA!!
da win mlz keap it donw
@@stampoutup-talking1436 How are prices going to go down, then. Like Trump promised.
Mexico is moving on with new trade agreements with Brazil, Canada, EU, China and may join BRICS! In 2024 and 2025, Mexico has finalized a modernized trade agreement with the European Union (EU) and published new foreign trade rules.
EU-Mexico Global Agreement
On January 17, 2025, the EU and Mexico announced the conclusion of negotiations on a modernized EU-Mexico Global Agreement.
The new agreement will replace the current agreement, which was signed in 2000.
The new agreement will:
Remove high tariffs on EU agri-food exports
Make it easier for EU companies to invest in Mexico
Provide benefits for small businesses
Strengthen protection of climate and labor rights
Allow for a more secure supply of materials for the green and digital transitions
And note that Canada will enact trade initiatives already ratified with EU (CETA) the Asia Pacific partnership (TPP), to which Mexico currently belongs.
Tiene razon. Mexico is making smart trading decisions. Most people do not realize that Mexico is the largest importer of American corn around. They can do this because they have the dollars to buy US corn, and it is a good decision for everyone. But if these new tariffs go into effect... Mexico will respond, and Mexicans will not be able to afford American corn. So who is the big loser here? Well, it is the American farmer, of course. They lose that trade income. Mexico can and will grow more corn domestically, or find other exporters in central and South America who will be eager for this new trade opening.
Tariffs do not work for anyone, and all end up suffering. Free trade is a very big positive. delgadogarces, me espero que estas leyendo esto. Gracias por escucharme.
Great we can totally shut the border then! No more Mexican immigrants at all period! If only..
Exactly. China is taking our place on the world stage now bc of the orange goon
Canada should also join BRICS
Good. All presidencies are stopped by either inflation or a slowing economy. Let Trump voters feel the pain they voted for.
It can't possibly get any worse than what we all experienced under the last regime skippy. I'm ready to pay up if it means a stringer and more unified America. No problem. With the last regime, we all paid up severely and got literally NOTHING in return.
@@typhoonjenkins8330What are you talking about??😂😂
@@typhoonjenkins8330 Biden and the Fed tried to lower inflation. And they succeeded. Trump is purposely trying to ignite it. There's no comparison between the two. One is a fireman and the other is an arsonist. I'm guessing you can't tell the difference between the two.
@@spideybatsfan8507 That’s long-term thinking. You know, for future generations. Something the Dems don’t do a lot of.
I'll take one Biden over two Trump's.
Going to be a lot worse under Trump
Canada put an export tax on oil,gas and electricity that cannot be removed until
30 days after the US tariffs are removed!
and its going to cause a national unity crisis because Alberta is done with Ottawa and the libs
Stand strong Mexico and Canada. Make Conman Dump fold.
Where do you live? Are you in America?
Americans will suffer the most...be prepared to pay more for a lot of things....
Great work Americans,people can barely afford groceries & now gas is going to be around $5 let’s see how this end up 👌🏽
I predict $6 per for regular.
Gas will still be dirt cheap - try £8 per gallon and then drive a gas-guzzler!
It will not hurt Mr. Trump or his millionaire buddies. I don't believe he gives a rats ass about the rest of ya though.
No different that the Biden years.
he is trying to threat the world while USA is sitting with $37 T debt 🤣 pure dump
No he trying to reshore jobs that's what the tarries are going to do
Yep. Guess what the terriffs are gonna be used to pay of debt
@@crazychase98 Yeah sure, Trump could sell you a cat turd telling you it's chocolate, and you'd chomp it down and say it was the best chocolate you ever ate.
Yep...Interest alone on that amount is over $8 Billion dollars a week. That's right - Eight Thousand Million bucks per week.
I'm favoured, $22K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America
Waking up every 14th of each month to
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Wake Up America! Eyes wide Open! 👀
Some of us wish we weren't so awake!
@@coreyk9752 but but but the maggots hate "woke"
Shouldn't the U.S. have the infrastructure to handle these changes in place BEFORE implementing them???
It would do so if it's leader had a brain!
Yup but your President is an idiot 🤡 and a terrible businessman. I don’t care who comes at me about this because he has declared bankruptcy numerous times and been convicted of fraud so the proof is in the pudding MAGA cult members
Trump is enacting an unnecessary trade war with Canada. A minuscule amount of Fentanyl is entering the US from Canada than compared to the amount entering over the Mexican border. Canada has also spent at least $1.3 billion since Nov. 2024 to beef up it's border in response to Trumps initial tariff threats as well as prevent the availability of precursor ingredients from being sold within the country. More plans are in place to deal with the issues at hand yet Trump and his administration won't acknowledge the mischaracterization of the issues or at the very least the efforts made to rectify it. So what do you want Trump? We have said we would work with you, yet you aren't willing to work with us
@@rogermorris8737And his supporters
That would require some level of competence.
as a Canadian, welcome to the world of retaliation
In some strange way, I would prefer Trudeau as our President.
What fun - Trump managed to bankrupt his casinos - now he is going to have a shot at bankrupting America - with his track record I reckon he has a pretty good chance of doing so!
Woo hoo "winning". Not
Thats his plan
To Trump attempting dismantle of U S. Constitutionan: RETIRE OR GET FIRED!!🇺🇸 50%of America didn't vote for you.Youre skating on Nixon's thin ice!
Thanks Garland. You unleashed the kraken! He's the wolf in sheep's clothing
Canadá should put 25 per cent tariff in electricity on USA starting tomorrow …😅😅😅
They probably will
F that!!! Shut it right off
Make it 75%. I'm curious to see the results....
Or just cut it off. Without Canada the US can’t produce enough - rolling blackouts over a third of the country!
sigh tariffs are put on incoming goods..
We want 25% tariffs on gas... He can't pick and choose.
@@gaetanlefebvre7800 It could go up his *** if he didn't wear a protective diaper.
Be honest. Who here voted for this fool? Go ahead, spill it.
MAGAts are now saying they dont care about high prices as long as black and brown people are kicked out of the country.
A CULT
Not me, I have better sense than that.
@@wildchildcarvings8482Someone can parrot establishment media talking points. Enjoy the social engineering
No intelligent person voted for Trump.
This reminds me of those cartoons in the 60s when you had this evil person that wanted to take over the world., iImpeach him. And any Rethuglican that supports this.
Never happen haven't you heard,, it's a new America and we like it! It's time to bring all our troops home regroup and get ready to take what we want!!
@@KevinStimelskydream on kevin
@ How absolutely ignorant.
Yayyyyy, higher gas, fuel and electricity prices. Thanks for MAGA
Where is your proof of this?
Your welcome. You owe us one.
@happyappy19931 every financial news outlet out there pretty much. Let me guess, fake news huh 🙄 😂
@@rigobryant8050 which ones?
@@rigobryant8050 Record high inflation under Biden yet you never said anything. 🤡🤡
HAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!!!!! Congrats American voters (or was it Elon Musk). You broke it, you buy it.
You clearly mean maga voter's
Canada and Mexico should join BRICS
Just imagine holding 100k *XAI2025K* when it hits $20. Generational wealth right there.
dream on
I hope so
Ozak ai buy going to solana prices i promise you. And I have 100k of them
Trumpsters here you go, soooooo glad I am all set for next 4 years. Have chickens, solar panels, electric car, all construction done…… hey you voted for this.
Yet Again Trump takes the Ferrari head on , into a ditch
yup - he never got a driving licence for the Mark 1 Country - a very sensitive beast whose economy will quickly respond to the way you drive it!
Canadians provide 52 percent of U.S. oil.
Pure idiocy.
EVERYTHING is going to get a lot more expensive.
America enjoy the ride! Make America Small Again!
@@rogermorris8737Winning woooo
😮💨
Its kinda comical that so many Americans think the world can't go on without them.
The sooner he's gone the better
This is going to get very interesting. I wouldn't be surprised if Mexico and Canada will be trading elsewhere in the near future, as well as everyone else for that matter.
Idk if interesting is the right word for this train wreck
@@Nola50 you are right, worrying might be more appropriate.
Have fun taking the long way....no american water or airspace for youuuuuu. 😂😂😂
America is an unreliable trading partner. Bye Bye
My 14 year old understands tarriffs better than our president. Sad.....
10% Tarrif on Oil should have ZERO impact on employment rate in Alberta. It's like assuming the oil price is 60 Instead of 65. Also for over 5 years oil and gas companies sold oil around 70-85 dollars. That mean they have a lot of resrve fund. Alberta government should mandate oil and gas industry to have Zero unemployment related to tarrifs. Specially now that Alberta has TMX the impact of 5 dollars cheaper is not even sensed.
This man just can’t let go of bad ideas
His supporters are just listening to propaganda from him. They don't even bother using AI/ChatGPT to research.
inflation will go over the roof
He wants to hit back at them since they don't want to bend to his will. This nation will suffer for his reckless behavior.
We all will...so unnecessary just as our economies were starting to improve due to lower inflation in the past year.
Where can I place reservations for the soup line at my local mission? Or do I just have to show up at dawn and wait?
Coward. He just admitted to needing our oil. 25% would mean he doesn’t need our oil.
We don't need there oil
Someone forgot to tell Trump tariffs goes both ways. Prepare for inflation to hit the roof.
We told them but not listened. Enjoy Trump 4years
Canada Turn the Power Off. NOW !!!!!!
Thank you poor people gor voting to make us BROKER
Trump is caving on Canadian oil.
Ha Ha, he is not very smart ! America, get ready for dark times ahead....
Literally.
We're in them now and have been since 2016
Smarter than you are
@@Nola50 go away bot
@user-retsailor not a bot. Living and breathing and I'll go wherever the hell I pls, bot
Are these the countries US get their cheap oil and gas? If I were Canada and Mexico, I add another 10% to help out US inflation to go higher.
Hehe. Trump is insane
Yes, he's effing nuts
Understatement of the year
He'll blame Abraham Lincoln 😊😊😊😊
They have other customers waiting. This won't hurt them at all.
Don't expect many Canadians visiting this year. We are kind and polite, but not with dumb whining bullies.
I lived in WNY worked at a Ski Resort...Canadians are the most stupid unreasonable cu n ts ever.. Entitled cu n ts...
Going to Costco to grab a 50 gallon drums of maple syrup & taquella.
I guess MAGA wanted higher prices. Better hope he doesn't cancel those food stamps.
Let’s see how they do without CANADIAN RESOURCES, Good luck US. Funny how he changed his tune with oil , let’s hit him back with higher tariffs on Oil because he knows they need what we have.
“It’s the end of the world as we know it. But I don’t feel fine.”
New taxes on the American people.
Raise the price of oil and gas10% to America.
NO . Just do not sell anything at all to the u.s.
Make 25% ... an eye for an eye
@ I hate to say it but I also think that the electricity should be cut.
@@markkawecki7582 ha ha ha. Canada makes electricity???
@@stampoutup-talking1436 look it up
Can we have a president with a brain, is that too much to ask?
Sad I don't see the MAGA tears when they shop at Walmart
I can't wait 🙏🏽WTI stock an American offshore oil company is about to go crazy. I can't wait for them to stop buying Canadian oil so we can start buying domestic.
Things that will now be more expensive: all of them.
How do you know this?
And what if its not? What do you do when you realise you live in a spoon fed delusion?
The tariff sheriff probably about to learn his tactics wont work since the world has changed.
XAI2025K flipping SOL by 2025? I wouldn’t bet against it!
Ozak to the 🌙
Time for Canada to turn off the oil taps, electricity and all minerals. Forget about reciprocal tariffs, cut all supplied immediately. The USA imports 20% of its oil from Canada. The USA does not have the capacity to drill or refine enough oil to meet supply and demand. As a proud Canadian I will no longer be buying any goods identified as made in the USA and this is not temporary for me. It is now permanent. Yes the tariffs will hurt Canada but Americans have no idea how much it will hurt them.
Trump Steaks, Trump Air, Trump Casino, Trump Wine, Trump University.
😢
$100M private jet, super model wife, a beautiful, intelligent and successful family, net worth in the billions, hundreds of world class properties all over the world, several championship golf courses, oh and did I mention 2 x President of the United States. Yea, a real loser
@@NBMonkey You’re the biggest loser of all time. The MAGA CULT, has control of what brain you have. The FASCIST STATE OF AMERICA is now in the toilet . Now get some help and stop using the bad drugs.
So much for the keystone pipeline that transports Canadian oil
Cant govern so does this brainless crap
Excellent
What an idiot, what will this get him but higher costs for Canadians but Americans as well and for what???
The End goal is to drive up the cost of living and to get American manufacturers to come back to America. By the time that is done most working class Americans will be desperate and will work for Chinese wages.
@@sammavitae114Lol at least thats what he says and the dumbest believe
Don’t blame Trump, blame the 50% of his lackies who voted for him. We will talk in 1 year trying to dig out of this disaster.
Good job, that way Americans families will pay more for our Mexican products including laptops, TVs, cars, kitchen appliances ect including food and many other products, not just from Mexico but from Canada, China, Colombia and other products as wel!!! What an intelligent president 😂
So we won't buy Mexican
Nahhhh...well just make them here...all of those companies arent mexican theyre mostly American....
@coolcobracommand Oh, brilliant idea! Why didn't anyone think of that before? Just make them there-problem solved, right? Except, it's not that simple. Do you have any clue how global supply chains work? Or how much it would cost to rebuild entire manufacturing infrastructures from scratch? Those "American" companies you're talking about rely on global production because it's cost-effective. If they were to move everything back here, prices would skyrocket, and guess who's paying for that? American families.
And let's not pretend this is just about companies. Tariffs hurt consumers first and foremost. So yeah, go ahead and cheer for policies that make everything more expensive while pretending it's some kind of patriotic win. Real intelligent.
@@coolcobracommand Hope you don't like coffee. Or much fruit. And you don't mind drinking that "woke" beer. Or need any lumber, or fertilizer.
So much for US Canada close relationship
Here we go.
I wonder if he has some harsh criticisms for the idiot who renegotiated NAFTA?
I get mexico and China...but what have we Canadians do to deserve this?
Nothing. Trump is certifiably insane.
It shows that no country deserves this. He’s doing this for his own ego.
He's trying to get access to Canadian water to feed to his billionaire almond and pistachio growers. Cut oil and electricity exports Canada. He has no qualms about destroying the people of the USA and their livelihoods. And he will destroy Canada given the chance.
Um refused to negotiate with President Trump when the tariff threat was still only a bargaining chip! Refused to present a plan to secure our border and srop the flow of drugs and illegals. Allowed the CPP to infiltate our country and trained Chinese soldiers here which became a threat to the United States. Relied on the US for military protection without proper remuneration. That's just for starters.
You got nothing,, your euro-centrist mindset show RACISM in all its splendor
The United States imports oil to meet its energy needs, even though it does produce some oil. The country's demand for oil is often greater than its domestic production.
Explanation - Domestic production: The US produces some oil, but it's not always enough to meet the country's demand. The top oil-producing states in the US include Texas, New Mexico, North Dakota, Colorado, and Alaska.
Refining industry: The refining industry needs heavy crude oil, which is harder to find in the US.
International markets: The US imports oil to supply international markets.
Trade: Trade is important to the US economy, and importing oil is part of that
Adding *XAI2025K* to my retirement plan. This is a once-in-a-lifetime project.
Scam
Scam
Elon Musk Scam
Trump 2025: Make INFLATION Great Again !!!
Tarrifs on EU 😂😂, lets fight , me dump ipone no more Levis jeans ,only adidas and kiton , no nike no UA , buy european straight away 😂😂😂,mcdonalds go home make america fat again , cocacola boicot😂😂
I like McDonald's about twice a month
The only new clothing I buy in underwear the rest of my stuff is thrift store and garage sales. I even buy a lot of household goods there if I can
I have Heatpump no Gas. I have EV Car. No Oil. Tariffs not for me.😂😂😂