Trump threatens Canada with 100% tariff over possible deal with China

January 24, 2026

TL;DR

Donald Trump threatened a 100% tariff on all Canadian imports if Canada makes a trade deal with China.
Trump announced the US has seized oil from Venezuelan tankers.
The seized Venezuelan oil is being refined in various locations, including Houston.
The US military has seized seven Venezuela-linked tankers.
Trump previously backed down from threats to impose sweeping tariffs on European countries to facilitate the acquisition of Greenland.
Trump bragged about a new weapon called 'the discombobulator' in relation to a raid in Venezuela.
The US plans to control Venezuela's oil resources indefinitely with a $100bn plan to rebuild the country's oil industry.

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