Trump threatens steep tariffs against Canada and Mexico
CBSN
President Trump is keeping his powder dry, at least for now, in deploying tariffs to advance his administration's push to redefine trade relations with other major economies around the world.
Mr. Trump, who as president-elect said he could move to apply sweeping levies on foreign imports on his first day in office, stopped short of imposing so-called universal tariffs or directly targeting China, which he had threatened to hit with 60% duties.
Instead, Mr. Trump said Monday that his administration is considering 25% tariffs on Canada and Mexico as soon as Feb. 1 unless they take stronger measures to stop the flow of unauthorized migrants and and illicit drugs flowing into the U.S.
Washington — President Trump took executive action Monday to start revoking the security clearances of his former national security adviser, John Bolton, and dozens of intelligence officials who signed a letter in 2020 claiming emails found on a laptop owned by Hunter Biden bore the hallmarks of a Russian disinformation campaign.
President Trump, who has vowed to turn the U.S. into the cryptocurrency capital of the world, got a head start on those plans by debuting new his-and-her meme coins — the $Trump and $Melania coins — over the weekend. As of Monday afternoon, the day of Mr. Trump's inauguration, the two digital currencies were worth a combined $9.5 billion.