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U.S. Commerce Secretary Howard Lutnick announced on Sunday that tariffs on imports from Canada and Mexico will go into effect on Tuesday, though the exact rates remain uncertain.
Speaking on Fox TV’s Sunday Morning Futures, Lutnick noted that while the administration had previously planned a 25% tariff on most goods from these nations—except for energy products subject to a 10% tariff—the final decision will rest with President Donald Trump and his team.
“There are going to be tariffs on Tuesday on Mexico and Canada. Exactly what they are, we are going to leave that for the president and his team to negotiate,” Lutnick said, describing the situation as “fluid.” This latest development follows a month-long delay in implementing the originally scheduled tariffs.
Lutnick acknowledged that both Canada and Mexico have “done a reasonable job” securing their borders with the United States. However, he expressed concern over the continued flow of fentanyl into the country, a factor that may influence the administration’s decision on the final tariff levels.
The move comes amid broader trade discussions and ongoing debates over U.S. border security and international trade policies. Earlier, President Trump had indicated an intention to impose a uniform 25% tariff on most imported goods from Canada and Mexico, a policy shift that would mark a significant change in U.S. trade relations with its northern neighbors. Recent remarks also referenced earlier instances when lower tariffs were maintained, highlighting how shifts in trade policy have historically impacted relations with these countries.
As the deadline approaches, industry analysts and trading partners are watching closely to see how the administration’s revised approach will affect both bilateral trade and border security measures.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 24th July, covering the latest developments you need to know.
Russian authorities said 11 people, including four children, had been killed by Ukraine in an overnight attack on a holiday camp, accusing Kyiv on Saturday of deliberately targeting civilians.
The U.S. military said it completed a fresh wave of strikes on Iran late on Thursday, marking the 13th consecutive night of American attacks. The latest operation lasted more than two hours, according to U.S. Central Command.
Spain has declared a national emergency and evacuated more than 10,000 people after uncontrolled wildfires reached the outskirts of Madrid. Emergency crews have rescued residents as multiple blazes continue to spread across the region.
Six candidates vying to become the next United Nations Secretary-General have called for restoring the organisation's credibility, strengthening multilateralism and reforming the UN, during the first public town hall debate ahead of a decisive Security Council vote next week.
Paramount Skydance agreed to pause its acquisition of Warner Bros Discovery until after a ruling on a challenge by states to the deal, plunging the $110 billion deal into further uncertainty.
China's Foreign Ministry has said it is closely monitoring the United Kingdom's nationalisation of British Steel. Prior to the British government fully taking over the loss-making company on Thursday, it was previously owned by Chinese private steelmaker Jingye.
Apple is closing in on Nvidia's position as the world's most valuable publicly traded company, as investors increasingly bet the iPhone maker can turn artificial intelligence into sustained earnings growth.
AI-powered shopping assistant Phia has been accused of using "cookie stuffing" to claim affiliate commissions for purchases it did not generate, according to a Bloomberg investigation. The company says the issue has now been resolved.
The UK government has nationalised British Steel, taking full ownership of the country's only primary steelmaker from its Chinese owners to safeguard the future of the UK's steel industry.
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