“… meaning the lumber” Bloomberg is reporting that he’s going with the 25% tariffs. I haven’t seen that confirmed anywhere else. But it’s certainly causing trouble already: Trump’s 25% Tariff Vows Send Canada, Mexico FX Tumbling President Donald Trump’s renewed pledges to slap 25% tariffs on imports from Canada and Mexico on Feb. 1 jolted foreign exchange markets late in the New York trading session, sending currencies from both countries plunging against the US dollar. The Mexican peso slid 1.1% and Canada’s dollar fell as much as 1.2% after Trump told reporters at the White House he would follow through on trade restrictions, which he’d vowed during his inauguration, on Saturday. The Bloomberg Dollar Spot Index erased an early loss to gain as much as 0.2%. All because he’s mad that they haven’t properly licked his boots. Enjoy your guacamole today because it’s going to be unaffordable before long.