# Trump Slaps 25% Tariffs On Canada, Mexico: Loonie, Peso Slide, Oil Climbs - Invesco CurrencyShares Canadi - Benzinga

> Trump confirmed 25% tariffs on imports from Canada and Mexico starting Saturday, February 1, citing illegal immigration, fentanyl trafficking and trade deficits. The Canadian dollar and Mexican peso slid, and oil prices climbed as the market reacted. Trump said the tariff rate could rise over time and that a decision on Canadian oil tariffs would depend on oil prices.

- Date: 2025-01-30 · published 2025-01-30T12:00:00.000Z
- Category: trade · region Canada/Mexico · magnitude high
- Page: https://feedsoft.ai/events/26760-trump-slaps-25-tariffs-on-canada-mexico-loonie-peso-slide-oil-climbs-invesco
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Confirmed 25% tariffs on two major U.S. trade partners threaten grain, oilseed and meal flows, and could reroute feed ingredient trade. Higher oil prices also raise freight and processing costs across the feed supply chain.

## Read by commodity

- WTI: bullish ▲
- USDCAD: bullish ▲
- USDMXN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-01-30 | [Mexican Peso dives as Trump tariffs comments boost US Dollar](https://feedsoft.ai/events/26724-mexican-peso-dives-as-trump-tariffs-comments-boost-us-dollar.md) | -2.1% | -3.2% |
| WTI | 2025-05-13 | [Crude oil climbs more than $1.60 a barrel on tariff cuts, economic outlook \| Reuters](https://feedsoft.ai/events/24842-crude-oil-climbs-more-than-1-60-a-barrel-on-tariff-cuts-economic-outlook-reuters.md) | +1.1% | +4.1% |
| WTI | 2025-01-30 | [Canadian dollar hits 5-year low as oil tariff decision looms](https://feedsoft.ai/events/26759-canadian-dollar-hits-5-year-low-as-oil-tariff-decision-looms.md) | -2.1% | -3.2% |
| WTI | 2025-05-12 | [Oil Prices Jump on US-China Tariff Reduction](https://feedsoft.ai/events/12549-oil-prices-jump-on-us-china-tariff-reduction.md) | +2.4% | +6.2% |
| WTI | 2019-01-09 | [Oil rises more than 2 pct on U.S.-China trade talk hope](https://feedsoft.ai/events/11168-oil-rises-more-than-2-pct-on-u-s-china-trade-talk-hope.md) | +4.5% | +8.1% |

## Sources

- benzinga.com: https://www.benzinga.com/government/regulations/25/01/43353698/trump-slaps-25-tariffs-on-canada-mexico-loonie-peso-slide-oil-climbs

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.