Trump to Implement Tariffs on Canada, Mexico, and Increase Fees on China

President Trump plans to implement 25% tariffs on imports from Canada and Mexico starting Tuesday and will double tariffs on Chinese goods. These adjustments follow concerns over drug imports and production, particularly fentanyl, hinting at a rigorous approach to trade policies affecting border security and substance control.

President Donald Trump announced that his proposed 25% tariffs on imports from Canada and Mexico will commence on Tuesday. Additionally, he disclosed plans to significantly increase tariffs on Chinese goods, doubling existing rates. Previously, Trump had put a pause on these tariffs as part of negotiations related to border security but has since cited ongoing issues with drug imports as justification for moving forward with the tariffs.

In a post on Truth Social, Trump emphasized that despite previous agreements, “drugs are still pouring into our Country from Mexico and Canada at very high and acceptable levels.” He noted that a large portion of fentanyl and other illicit substances are produced in China, further asserting the need for these trade measures.

Trump specified that alongside the 25% tariffs for Mexico and Canada, an additional 10% tariff on Chinese imports will be implemented, compounding the 10% tariff already announced earlier this month. He stated, “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 FOURTH will, indeed, go into effect, as scheduled.”

The announcement maintains that the implementation date for the tariffs on China will coincide with the tariffs on Mexico and Canada. Furthermore, the previously scheduled tariffs for April 2nd will remain in place. This developing story will be updated as new information arises.

In summary, President Donald Trump has initiated a 25% tariff on imports from Canada and Mexico, set to begin Tuesday, while also doubling tariffs on Chinese goods. This decision comes amid concerns over drug trafficking and production, particularly concerning fentanyl. The move signifies a continuation of aggressive trade policies aimed at limiting imports that contribute to domestic issues.

Original Source: www.usatoday.com