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US President Trump announces tariffs on oil and gas

WASHINGTON: US President Donald Trump announces tariffs on oil and gas from February 18.

US President Trump said, he would impose hefty new tariffs of 25% on goods from Mexico and Canada and 10% on imports from China.

Trump did, however, reference a potential carve out for oil from Canada, saying that rate would be 10% versus the 25% planned for other goods from the United States’ northern neighbour. But he indicated wider tariffs on oil and natural gas would be coming in mid February.

Trump has been threatening the tariffs for weeks, saying they would be imposed on Feb. 1 and remain in place until the countries did more to stem the flow of both migrants and fentanyl over the U.S. border.

Tariffs will also apply to steel, aluminum and copper, said Trump

US president also said, Jordan and Egypt would accept Gaza victims. There is a serious dialogue with Russia. Panama will regain the canal.