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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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El Universal broke the news in Mexico on Friday, January 31, 2025.
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