Jan 31, 2025 6:15 p.m.

Trump declaring tariffs will be placed on oil, pharmaceuticals and semiconductors

President Trump apparently wanted to sleep on the idea first before announcing it. It was just yesterday when he said 25 percent tariffs would be placed on Canada and Mexico over the weekend, and he was pondering if he wanted to include oil. Not only is he including oil, but also pharmaceuticals and semiconductors, according to The Hill. However, Canadian oil is only getting slapped with a 10 percent tariff, which will also start on Saturday.

Other countries on whom he wants to place oil and gas tariffs will likely have until February 18.

President Trump also intends to place tariffs on E.U. goods.

WND Staff

Elizabeth has been a freelance content writer for over 20 years and has enjoyed having her prose published in both the non-fiction and fiction markets. She has written a variety of different types of content, including Christian articles, healthy lifestyle, blog posts, business topics, news articles, product descriptions, and some fiction. She is also a singer-songwriter-musician. When she’s not busy with writing or music, she enjoys spending time with friends or family and doing fun social activities such as hiking, swing dancing, attending concerts and other enjoyable activities. Read more of WND Staff’s articles here.