Summary of President Trump's comments to reporters; will impose 25% tariffs on Canada/Mexico starting Feb 1 (see prior comments under SPY) (605.04 +3.23)
Mr. Trump said:
- He is moving forward with plan to impose 25% tariffs on Canada/Mexico starting Saturday due to immigration, trade deficits, and fentanyl.
- He is still determining if Canadian oil imports will be subject to the tariffs.
- US does not need Canadian lumber.
- He is also considering tariffs on China.
- Signed new executive order on aviation safety.
- He wants the best people in air traffic control jobs.
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