Close Menu
  • Homepage
  • Local News
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
  • Business
  • Technology
  • Health
  • Lifestyle
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
Facebook X (Twitter) Instagram Pinterest
JHB NewsJHB News
  • Local
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
Let’s Fight Corruption
JHB NewsJHB News
Home»World»US tariffs on Canada and Mexico will happen on Tuesday, says commerce chief
World

US tariffs on Canada and Mexico will happen on Tuesday, says commerce chief

March 3, 2025No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

US tariffs in opposition to Canada and Mexico are set to return into impact on Tuesday however their stage shall be determined by Donald Trump, the US commerce secretary has stated.

The US president has threatened to impose 25% tariffs, that are a tax on imports, on his two neighbours on 4 March, in response to what he says is an unacceptable movement of unlawful medicine and migrants into the US.

Commerce Secretary Howard Lutnick stated on Sunday the tariffs will occur as deliberate however the actual particulars will depend upon negotiations.

A ten% tariff on Chinese language imports can be anticipated to be applied in response to US accusations that Beijing isn’t doing sufficient to cease the movement of fentanyl into the US.

Which means if introduced into impact, Chinese language exports to the US will face a levy of at the least 20%, following a ten% tariff that took impact a month in the past.

Chinese language state media claims leaders in Beijing have ready a collection of countermeasures to occur on the identical day, elevating the prospect of an all-out commerce battle between the world’s high two economies.

China’s state-run International Instances newspaper stated the countermeasures will most likely goal US agricultural and meals merchandise.

Analysts consider Beijing nonetheless hopes to keep away from an all-out commerce battle and negotiate a truce with the Trump administration, however to date there was no signal of a deal between the 2 financial giants.

Trump has lengthy maintained that tariffs are a great tool to right commerce imbalances and shield US manufacturing.

Talking on Sunday Morning Futures on Fox Information, Commerce Secretary Lutnick stated: “There are going to be tariffs on Tuesday on Mexico and Canada. Precisely what they’re, we’ll depart that for the president and his staff to barter.”

Canada has repeatedly stated tariffs will hurt each economies however added that it’ll defend itself in the event that they occur.

Canadian Inner Commerce Minister Anita Anand met officers in Washington in current days and stated over the weekend there shall be a response.

“We’re regular on the wheel. We’re ready for any eventuality, however we’ll at each flip defend our nation’s economic system,” she instructed CBC Information.

Final month, Canada had ready a listing of $30bn (£23.6bn) price of American items it stated it could levy in response to US tariffs. Gadgets on that record included on a regular basis items like pasta, clothes and fragrance.

The Canada Border Companies Company (CBSA) says it has been “surging” its efforts to deal with fentanyl crossing into the US.

Just one% of fentanyl seized within the US is believed to return from Canada, in keeping with US information.

Canadian Prime Minister Justin Trudeau stated on Sunday, from a Ukraine summit in London, that Canada is “not a difficulty” as a supply of unlawful fentanyl within the US.

Mexico’s president, Claudia Sheinbaum, appeared to ship a message to Trump after the Lutnick interview when she stated at a public occasion within the metropolis of Colima that “Mexico needs to be revered”.

“Co-operation [and] co-ordination, sure, subordination, by no means.”

President Trump has additionally introduced a 25% cost on all metal and aluminium imports, which is supposed to return into impact on 12 March.

As well as, he has threatened to impose customized “reciprocal” tariffs on particular person nations, in addition to 25% tariffs on the European Union.

Source link

Canada chief Commerce happen Mexico tariffs Tuesday
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bobcat surprises Colorado woman in Jefferson County home

May 30, 2025

Why Harmony Gold Mining Company Limited (HMY) Went Down On Tuesday

May 29, 2025

White House Lashes Out At Judges After Trump Tariffs Struck Down

May 29, 2025

French MPs vote to scrap low-emission zones in blow to Macron

May 29, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Factors that Powered HCI Group’s (HCI) Performance in Q1

May 30, 2025

Karnataka to impose slab-based cess fee on aggregators | Bangalore News

May 30, 2025

Amit Shah begins two-day J&K visit, to meet those affected by Pak shelling in Poonch today | India News

May 30, 2025

Neena Gupta once told Amitabh Bachchan that Ayushmann Khurrana was initially against casting her in Badhaai Ho: ‘She’s too hot’; what it takes to prove professional competency | Lifestyle News

May 30, 2025
Popular Post

Yuji’s true potential revealed as Yuta vs. Sukuna begins

Why privacy-preserving synthetic data is a key tool for businesses

Mortgage rates aren’t likely to fall any time soon — here’s why

Subscribe to Updates

Get the latest news from JHB News about Bangalore, Worlds, Entertainment and more.

JHB News
Facebook X (Twitter) Instagram Pinterest
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
© 2025 Jhb.news - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.