President Donald Trump has confirmed that tariffs on Canadian and Mexican imports will take effect on March 4. This follows a month-long pause after both countries agreed to work with the U.S. on fentanyl trafficking concerns. Trump also announced a 10% tariff increase on Chinese imports next week and hinted at a 25% tariff on European Union goods.
In a Truth Social post-Thursday, Trump said drug trafficking from Canada and Mexico remains at “unacceptable levels,” justifying the tariffs’ implementation. The move contradicts his earlier statement that the tariffs would take effect April 2, aligning with his broader reciprocal tariff policy.
Mexico Braces for Trade Shifts
Mexico’s President Claudia Sheinbaum downplayed the announcement, stating her administration remains “cool-headed and optimistic” about reachin…
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