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Trump says 25% Mexico, Canada tariffs will start March 4, plus additional 10% on China

  • President Donald Trump announced that tariffs of 25% on Mexican and Canadian goods will start on March 4, 2025, alongside an additional 10% tariff on Chinese imports.
  • Trump linked the tariffs to illegal migration and fentanyl smuggling, stating that drugs are entering the U.S. at unacceptable levels.
  • The announcement caused the Dow futures to turn negative, dropping by 90 points after previously trading higher.
  • Concerns arose that escalating tariffs could negatively impact the global economy and consumer prices, particularly in the auto sector.
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Now it looks like the US president will make good on his promise and impose tariffs. Trump is unhappy with his neighbors' anti-drug crackdown.

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  • 49% of the sources are Center
49% Center
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The Times broke the news in United Kingdom on Tuesday, February 25, 2025.
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