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US tariffs on Canada and Mexico coming Tuesday but may not be 25%, commerce chief says US tariffs on Canada and Mexico coming Tuesday but may not be 25%, commerce chief says
(about 20 hours later)
‘That is a fluid situation,’ Howard Lutnick says in first indication that administration may not impose full tariffs‘That is a fluid situation,’ Howard Lutnick says in first indication that administration may not impose full tariffs
Donald Trump’s commerce secretary, Howard Lutnick, said on Sunday that US tariffs on Canada and Mexico will go into effect on Tuesday, but the president would determine whether to stick with the planned 25% level. Donald Trump’s commerce secretary, Howard Lutnick, said on Sunday that US tariffs on Canada and Mexico would go into effect on Tuesday, but the president would determine whether to stick with the planned 25% level.
“That is a fluid situation,” Lutnick told the Fox News program Sunday Morning Futures.“That is a fluid situation,” Lutnick told the Fox News program Sunday Morning Futures.
“There are going to be tariffs on Tuesday on Mexico and Canada. Exactly what they are, we’re going to leave that for the president and his team to negotiate.”“There are going to be tariffs on Tuesday on Mexico and Canada. Exactly what they are, we’re going to leave that for the president and his team to negotiate.”
Lutnick’s comments were the first indication from Trump’s administration that it may not impose the full threatened 25% tariffs on all goods from Mexico and non-energy imports from Canada.Lutnick’s comments were the first indication from Trump’s administration that it may not impose the full threatened 25% tariffs on all goods from Mexico and non-energy imports from Canada.
He said the two countries have “done a reasonable job” securing their borders with the United States, though he maintained the deadly drug fentanyl continues to flow into the country. He said the two countries had “done a reasonable job” securing their borders with the United States, though he maintained the deadly drug fentanyl continues to flow into the country.
Trump sowed confusion last week when he mentioned a possible 2 April deadline in connection with tariffs on Canada and Mexico. But he later reaffirmed the Tuesday deadline and said he would add another 10% tariff on Chinese goods that day, effectively doubling 10% duties imposed on 4 February. Trump sowed confusion last week when he mentioned a possible 2 April deadline in connection with tariffs on Canada and Mexico. But he later reaffirmed the Tuesday deadline and said he would add another 10% tariff on Chinese goods that day, in effect doubling 10% duties imposed on 4 February.
Lutnick said Trump was expected to raise tariffs on China on Tuesday unless the country ends fentanyl trafficking into the US.Lutnick said Trump was expected to raise tariffs on China on Tuesday unless the country ends fentanyl trafficking into the US.