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Economics @lemmy.world

Trump says Mexico, Canada tariffs will start March 4, plus additional 10% on China

Summary

Trump announced 25% tariffs on Mexico and Canada will begin March 4, claiming continued drug trafficking concerns despite earlier border enforcement pledges.

On the same date, China will face an additional 10% tariff, bringing total Chinese import tariffs to 20%.

This announcement contradicted earlier statements by White House Economic Director Kevin Hassett, who suggested all tariff decisions would come after an April 1 study.

Trump's broader tariff agenda includes global 25% steel and aluminum tariffs starting March 12 and reciprocal tariffs on nations with duties on US imports.

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