US tariffs on Canada and Mexico will take effect on March 4, with Commerce Secretary Howard Lutnick stating that President Trump will decide the exact tariff rate, which may be less than the originally proposed 25 percent. The expiration of a 30-day halt on duties is tied to issues surrounding illegal immigration and drug trafficking, particularly fentanyl. Additionally, Trump plans to increase tariffs on Chinese imports unless fentanyl trafficking ceases.
The United States will implement tariffs on Canada and Mexico starting Tuesday, March 4, according to US Commerce Secretary Howard Lutnick. While the tariffs were initially set at 25 percent, the final determination will be made by President Donald Trump and his administration. Lutnick emphasized that the situation remains fluid and subject to negotiation.
The temporary suspension of tariffs, linked to illegal immigration and the influx of fentanyl from these countries, will conclude on March 4. Lutnick acknowledged that both Canada and Mexico have made commendable efforts to secure their borders, yet the issue of fentanyl trafficking persists. He also noted that Trump is expected to increase tariffs on Chinese imports unless China halts fentanyl shipments to the US.
Remarks from Lutnick indicate a potential deviation from imposing the full 25 percent tariff initially threatened against all goods from Canada and Mexico. This follows confusing statements made by President Trump regarding deadlines associated with these tariffs. He has reiterated that he will impose an additional 10 percent tariff on Chinese goods, marking a significant increase in duties effective from February 4.
Addressing inquiries about maintaining the current tariff pause due to a reported decline in border crossings, Trump firmly stated that the tariffs will not be lifted. He emphasized the severity of the fentanyl crisis, citing numerous fatalities, and attributed any improvements in border security primarily to US interventions. Thus, he remains resolute in proceeding with the tariffs.
In summary, the US is set to impose tariffs on Canada and Mexico, with President Trump holding the final say on the percentage rate, which may be less than initially threatened. The expiration of the current tariff pause is linked to ongoing border security and drug trafficking issues, particularly related to fentanyl. The situation remains dynamic as the administration navigates its trade policies with these neighboring countries and with China.
Original Source: www.ndtv.com
