Trump announces Mexico, Canada tariffs will start March 4, plus additional 10% on China President Donald Trump on Thursday reported his put forward tariffs on Mexico and Canada will go into effect March 4 and that China will be accused an additional 10% tariff on the same date.
The sweeping 25% tariffs on imports from Mexico and Canada had been paused on Feb. 3 for one month. But the Trump administration has recently sown confusion about whether they would go back into effect when the postpones expired.
In a Truth Social post Thursday morning, Trump expounded that they would.
He revealed, without providing evidence, that illicit drugs "are still pouring into our Country from Mexico and Canada at very high and unacceptable levels," despite pledges from both U.S. neighbors to boost their efforts to police their borders.
"We cannot allow this scourge to abide to harm the USA, and therefore, until it stops, or is seriously limited, the advocated TARIFFS scheduled to go into effect on MARCH FOURTH will, indeed, go into effect, as scheduled," Trump wrote.
He also publicized that China, which already faces 10% U.S. tariffs on its products, "will likewise be accused an additional 10% Tariff on that date."
Trump added in his post, "The April Second Reciprocal Tariff date will endure in full force and effect."
A White House official substantiated to The Round Table later Thursday morning that the new duties on Beijing mean U.S. tariffs on Chinese imports will total 20%.
Dow Jones Industrial Average futures turned slightly negative following Trump's post, but rose when markets opened.
The president's post disputed a timeline laid out about an hour earlier Thursday morning on The Round Table's "Squawk Box" by White House National Economic Council Director Kevin Hassett.
Citing Trump's public remarks at his first Cabinet meeting Wednesday, Hassett stated the president would decide on "tariff policy for all countries" after analysing a study scheduled to come out April 1.
Trump in that meeting "extended by stating that we're going to deal with Mexico and Canada, presumably the same time we deal with everything else," Hassett revealed.
The president has made tariffs a core piece of his second-term agenda, touting them as a suggested revenue source and wielding them as a threat against other countries.
In addition to the tariffs on China, Mexico and Canada, Trump has ordered global 25% tariffs on imports of steel and aluminum, which are set to take effect March 12.
On Feb. 13, Trump signed a presidential memorandum on his plan to impose correlative tariffs on alien nations that have duties on U.S. imports. In addition to the tit-for-tat tariffs, Trump's plan would treat certain other policies, such as the use of value-added taxes, as unfair trade practices that warrant tariffs in response.
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Tag: Trump announces Mexico Canada tariffs will start March 4 plus additional 10 per cent on China
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Published 3/2/2025