Trump Says 25% Tariffs On Canada, Mexico Will Take Effect On Tuesday
President Trump has said that the US will impose 25% tariffs on Canada and Mexico on Tuesday, saying there’s “no room left” for the two countries to avoid the measures.
Trump signed an executive order on February 1 to impose the 25% tariffs on all goods coming from Mexico and Canada with a carve-out for Canadian oil, which will be hit with a 10% tariff.
Trump paused the tariffs for 30 days after speaking with the leaders of Canada and Mexico, who both pledged to work to stem the flow of fentanyl and migrants entering the US. But Trump said on Monday that drugs were still “pouring into our Country from Mexico and Canada at very high and unacceptable levels.”