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Canada, Mexico Tariffs to Go Into Force on March 4: Trump
Hindustan Times Bengaluru
|February 28, 2025
US President, after keeping decision in limbo, also said that additional 10% tariff on all Chinese imports will come into effect as well
WASHINGTON: President Donald Trump says he plans to impose tariffs on Canada and Mexico starting Tuesday, in addition to doubling the 10% universal tariff charged on imports from China.
Posting on Truth Social on Thursday, Trump said that illicit drugs such as fentanyl are being smuggled into the US at "unacceptable levels" and that import taxes would force other countries to crack down on the trafficking.
"We cannot allow this scourge to continue to harm the USA, and therefore, until it stops, or is seriously limited, the proposed tariffs scheduled to go into effect on March 4 will, indeed, go into effect, as scheduled," the Republican president wrote. "China will likewise be charged an additional 10% tariff on that date."
The prospect of escalating tariffs has already thrown the global economy into turmoil—with consumers expressing fears about inflation worsening and the auto sector possibly suffering if America's two largest trading partners in Canada and Mexico are slapped with taxes.
This story is from the February 28, 2025 edition of Hindustan Times Bengaluru.
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