Scott Horsley

So there was some thought maybe Trump would make a similar deal to avoid this round of tariffs. But White House spokeswoman Caroline Leavitt insisted yesterday this tariff threat is not a bluff.

So there was some thought maybe Trump would make a similar deal to avoid this round of tariffs. But White House spokeswoman Caroline Leavitt insisted yesterday this tariff threat is not a bluff.

Trump also wants Mexico and Canada to curb illegal immigration into the U.S. Now, Levitt did leave the door open for Trump to backtrack on these tariffs if some kind of face-saving agreements reached. We did see that back in 2019 when Mexico agreed to crack down on immigration from Central America.

Trump also wants Mexico and Canada to curb illegal immigration into the U.S. Now, Levitt did leave the door open for Trump to backtrack on these tariffs if some kind of face-saving agreements reached. We did see that back in 2019 when Mexico agreed to crack down on immigration from Central America.

Trump also wants Mexico and Canada to curb illegal immigration into the U.S. Now, Levitt did leave the door open for Trump to backtrack on these tariffs if some kind of face-saving agreements reached. We did see that back in 2019 when Mexico agreed to crack down on immigration from Central America.

This is a tax on imports, so it's going to raise the price of everything we buy from these three countries, which is a lot. Last year we imported more than $1.2 trillion worth of stuff from Mexico, Canada, and China. Everything from TVs and tequila to tomatoes and two-by-fours. The good news is the avocados for your Super Bowl dip next weekend have probably already made it across the border.

This is a tax on imports, so it's going to raise the price of everything we buy from these three countries, which is a lot. Last year we imported more than $1.2 trillion worth of stuff from Mexico, Canada, and China. Everything from TVs and tequila to tomatoes and two-by-fours. The good news is the avocados for your Super Bowl dip next weekend have probably already made it across the border.

This is a tax on imports, so it's going to raise the price of everything we buy from these three countries, which is a lot. Last year we imported more than $1.2 trillion worth of stuff from Mexico, Canada, and China. Everything from TVs and tequila to tomatoes and two-by-fours. The good news is the avocados for your Super Bowl dip next weekend have probably already made it across the border.

That's not going to face a 25% guacamole tax, but Mexico supplies more than a quarter of all the fresh fruit and vegetables we eat in the U.S. Canada supplies a lot of crude oil to Midwestern oil refineries. All those are going to be subject to tariffs.

That's not going to face a 25% guacamole tax, but Mexico supplies more than a quarter of all the fresh fruit and vegetables we eat in the U.S. Canada supplies a lot of crude oil to Midwestern oil refineries. All those are going to be subject to tariffs.

That's not going to face a 25% guacamole tax, but Mexico supplies more than a quarter of all the fresh fruit and vegetables we eat in the U.S. Canada supplies a lot of crude oil to Midwestern oil refineries. All those are going to be subject to tariffs.

Although Trump did hint the tax rate on Canadian oil could be less than 25%, whatever the rate, experience shows much of the cost is going to be borne by businesses and shoppers here in the United States.

Although Trump did hint the tax rate on Canadian oil could be less than 25%, whatever the rate, experience shows much of the cost is going to be borne by businesses and shoppers here in the United States.

Although Trump did hint the tax rate on Canadian oil could be less than 25%, whatever the rate, experience shows much of the cost is going to be borne by businesses and shoppers here in the United States.

Yeah, it's going to hit them hard as well. The U.S. is a very big market for our next-door neighbors. Canadian Prime Minister Justin Trudeau warned of difficult times ahead for his country. He says Canada doesn't want a trade war, but he added it's not going to just surrender either. Trudeau says Canada is ready to push back with retaliatory tariffs of its own on U.S. exports.

Yeah, it's going to hit them hard as well. The U.S. is a very big market for our next-door neighbors. Canadian Prime Minister Justin Trudeau warned of difficult times ahead for his country. He says Canada doesn't want a trade war, but he added it's not going to just surrender either. Trudeau says Canada is ready to push back with retaliatory tariffs of its own on U.S. exports.

Yeah, it's going to hit them hard as well. The U.S. is a very big market for our next-door neighbors. Canadian Prime Minister Justin Trudeau warned of difficult times ahead for his country. He says Canada doesn't want a trade war, but he added it's not going to just surrender either. Trudeau says Canada is ready to push back with retaliatory tariffs of its own on U.S. exports.

Mexico and China are also likely to retaliate. We saw that during the first Trump administration with other countries put tariffs on things like Kentucky bourbon and Harley-Davidson motorcycles. You might remember U.S. farmers lost a lot of business overseas and the federal government wound up paying some of the farmers for the corn and soybean sales they missed out on.

Mexico and China are also likely to retaliate. We saw that during the first Trump administration with other countries put tariffs on things like Kentucky bourbon and Harley-Davidson motorcycles. You might remember U.S. farmers lost a lot of business overseas and the federal government wound up paying some of the farmers for the corn and soybean sales they missed out on.

Mexico and China are also likely to retaliate. We saw that during the first Trump administration with other countries put tariffs on things like Kentucky bourbon and Harley-Davidson motorcycles. You might remember U.S. farmers lost a lot of business overseas and the federal government wound up paying some of the farmers for the corn and soybean sales they missed out on.