Trump set to impose tariffs on Mexico, Canada starting on March 1, Reuters reports
- President Trump is expected to announce new tariffs on Canada and Mexico starting on March 1, with a process for exemptions, according to three sources familiar with the planning who spoke to Reuters.
- Trump has consistently mentioned a 25% tariff on imports from Canada and Mexico, although the final tariff rate is still undecided, as reported by unnamed sources.
- The tariffs may strain U.S. Relations with Canada and Mexico, but a 28-day window before implementation suggests a cautious approach by the Trump administration.
- Analysts warn that these tariffs could lead to recessions in Canada and Mexico, with potential impacts on U.S. GDP as well, according to experts from Oxford Economics and Cornell University.
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75 Articles
The White House says Trump will impose tariffs on Canada, Mexico and China on Saturday
U.S. President Donald Trump will apply 25% tariffs on Canadian and Mexican imports and 10% on Chinese products with immediate effect this Saturday, White House spokesman Karoline Leavitt announced. “The president will tomorrow implement 25% tariffs on Mexico, 25% on Canada and 10% on China for the illegal fentanyl they have supplied and allowed distribution in our country, which has killed tens of millions of Americans,” Leavitt said at a press …
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