Well, that didn’t take long. Just one day after President Trump slapped tariffs on Canada, Mexico, and China, the financial fallout has already begun. On Saturday, Canada’s dollar sank to its lowest level since 2003, while Mexico’s peso took a 2% dive, sending shockwaves through their economies.
The numbers are brutal:
- The Canadian dollar dropped 1.4% to roughly C$1.47 per U.S. dollar.
- The Mexican peso fell over 2% to 21.15 per U.S. dollar.
If you listen to the so-called “experts,” Mexico is on the verge of economic collapse. Gabriela Siller, chief economist at Banco Base, warned that if Trump’s tariffs stay in place, Mexico could enter a “profound recession” that might take years to recover from. And you know what? That’s the point.
BREAKING: Canadian dollar plummets to the lowest level against U.S. dollar since 2003: pic.twitter.com/3DSc30FlKu
— End Wokeness (@EndWokeness) February 2, 2025
Trump isn’t just throwing tariffs around for fun—he’s making these countries feel the pain because they refuse to stop exploiting America. On Saturday, he pulled the trigger:
- 25% tariffs on ALL Mexican imports.
- 25% tariffs on nearly ALL Canadian imports (10% on energy).
- 10% tariffs on ALL Chinese imports.
The move was done under the International Emergency Economic Powers Act, which allows the president to impose economic restrictions in response to national security threats. And what’s the biggest national security threat right now? Unchecked illegal immigration, fentanyl flooding across our borders, and decades of unfair trade practices.
Naturally, Justin Trudeau—ever the lightweight—decided to “hit back” at the U.S. with $155 billion in retaliatory tariffs. He proudly declared that Canada will start slapping 25% tariffs on $30 billion worth of U.S. goods immediately, with another $125 billion following in three weeks.
Brilliant move, Trudeau. Because crippling your own economy and doubling down on bad policies always works, right? Even Shopify CEO Tobi Lutke, one of Canada’s top business leaders, called out Trudeau’s stupidity.
“Hitting back will not lead to anything good. America will shrug it off. Canada will decline,” Lutke said. He also urged Trudeau to actually listen to Trump and work with the U.S. to secure the borders and stop the fentanyl crisis—a completely reasonable demand.
A Stronger U.S. Dollar, A Weaker Globalist Agenda
Economists are already saying that Trump’s tariffs are strengthening the U.S. dollar, while the currencies of tariffed countries are collapsing. Eric Winograd of AllianceBernstein made it clear: the countries getting hit with tariffs will suffer the most—and that means Mexico and Canada are in for a world of economic hurt.
And Trump isn’t done. Europe is next. On Friday, he confirmed that he will “absolutely” impose tariffs on the EU.
This is Trump’s America First strategy in action, and it’s working. Canada and Mexico can either get serious about fixing their trade abuses and border failures—or they can watch their economies sink even further.
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