President Donald Trump said Monday that 25% tariffs on imports from Mexico and Canada will start Tuesday, sparking renewed fears of a North American trade war.
“Tomorrow — tariffs 25% on Canada and 25% on Mexico. And that’ll start,” Trump told reporters in the Roosevelt Room. Trump has said the tariffs are to force the two U.S. neighbors to step up their fight against fentanyl trafficking into the U.S.
Trump provided a one-month delay in February as both countries promised concessions. But Trump said Monday that there was “no room left for Mexico or for Canada” to avoid the steep new tariffs.
U.S. stock markets moved sharply lower after Trump’s comments.
Trump said he would also add on another 10% tariff on goods from China, on top of the initial 10% he put in place last month.
Read next
21:00
The U.S. Supreme Court has cleared the way for the Trump administration to revoke temporary legal status for over 500,000 migrants, putting them at risk of deportation while legal challenges continue.
16:55
The Kremlin has dismissed criticism from U.S. President Donald Trump, who warned that Vladimir Putin is "playing with fire" by avoiding ceasefire talks with Ukraine, saying Russia's national interests remain the top priority.
16:15
The Trump administration has temporarily halted new student visa appointments at U.S. embassies worldwide, as it prepares to tighten scrutiny of international applicants' social media profiles — a move that could impact universities and foreign students alike.
19:01
U.S. President Donald Trump will host South African President on Wednesday for crunch talks over alleged "genocide" on white farmers and other racial issues highlighted by the Trump. Ramaphosa is hoping to use the opportunity to revive US-South Africa relations, currently at its lowest since 1994.
18:13
Donald Trump
U.S. President Donald Trump to speak with Presidents Putin and Zelenskyy on Monday to discuss efforts toward peace in Ukraine.
What is your opinion on this topic?
Leave the first comment