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| US tariffs on Canada and Mexico will happen on Tuesday, says commerce chief | |
| (about 1 hour later) | |
| US tariffs against Canada and Mexico are set to come into effect on Tuesday but their level will be decided by Donald Trump, the US commerce secretary has said. | US tariffs against Canada and Mexico are set to come into effect on Tuesday but their level will be decided by Donald Trump, the US commerce secretary has said. |
| The US president has threatened to impose 25% tariffs, which are a tax on imports, on his two neighbours on 4 March, in response to what he says is an unacceptable flow of illegal drugs and migrants into the US. | The US president has threatened to impose 25% tariffs, which are a tax on imports, on his two neighbours on 4 March, in response to what he says is an unacceptable flow of illegal drugs and migrants into the US. |
| Commerce Secretary Howard Lutnick said on Sunday the tariffs will happen as planned but the exact details will depend on negotiations. | Commerce Secretary Howard Lutnick said on Sunday the tariffs will happen as planned but the exact details will depend on negotiations. |
| A 10% tariff on Chinese imports is also expected to be implemented in response to US accusations that Beijing is not doing enough to stop the flow of fentanyl into the US. | A 10% tariff on Chinese imports is also expected to be implemented in response to US accusations that Beijing is not doing enough to stop the flow of fentanyl into the US. |
| This means that if brought into effect, Chinese exports to the US will face a levy of at least 20%, following a 10% tariff that took effect a month ago. | |
| Chinese state media claims leaders in Beijing have prepared a series of countermeasures to happen on the same day, raising the prospect of an all-out trade war between the world's top two economies. | Chinese state media claims leaders in Beijing have prepared a series of countermeasures to happen on the same day, raising the prospect of an all-out trade war between the world's top two economies. |
| China's state-run Global Times newspaper said the countermeasures will probably target US agricultural and food products. | China's state-run Global Times newspaper said the countermeasures will probably target US agricultural and food products. |
| Analysts believe Beijing still hopes to avoid an all-out trade war and negotiate a truce with the Trump administration, but so far there has been no sign of a deal between the two economic giants. | Analysts believe Beijing still hopes to avoid an all-out trade war and negotiate a truce with the Trump administration, but so far there has been no sign of a deal between the two economic giants. |
| Trump has long maintained that tariffs are a useful tool to correct trade imbalances and protect US manufacturing. | Trump has long maintained that tariffs are a useful tool to correct trade imbalances and protect US manufacturing. |
| Speaking on Sunday Morning Futures on Fox News, Commerce Secretary Lutnick said: "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." | Speaking on Sunday Morning Futures on Fox News, Commerce Secretary Lutnick said: "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." |
| Canada has repeatedly said tariffs will harm both economies but added that it will defend itself if they happen. | Canada has repeatedly said tariffs will harm both economies but added that it will defend itself if they happen. |
| Canadian Internal Trade Minister Anita Anand met officials in Washington in recent days and said over the weekend there will be a response. | Canadian Internal Trade Minister Anita Anand met officials in Washington in recent days and said over the weekend there will be a response. |
| "We are steady at the wheel. We are prepared for any eventuality, but we will at every turn defend our country's economy," she told CBC News. | "We are steady at the wheel. We are prepared for any eventuality, but we will at every turn defend our country's economy," she told CBC News. |
| Last month, Canada had prepared a list of $30bn (£23.6bn) worth of American goods it said it would levy in response to US tariffs. Items on that list included everyday goods like pasta, clothing and perfume. | Last month, Canada had prepared a list of $30bn (£23.6bn) worth of American goods it said it would levy in response to US tariffs. Items on that list included everyday goods like pasta, clothing and perfume. |
| The Canada Border Services Agency (CBSA) says it has been "surging" its efforts to tackle fentanyl crossing into the US. | The Canada Border Services Agency (CBSA) says it has been "surging" its efforts to tackle fentanyl crossing into the US. |
| Only 1% of fentanyl seized in the US is thought to come from Canada, according to US data. | Only 1% of fentanyl seized in the US is thought to come from Canada, according to US data. |
| Canadian Prime Minister Justin Trudeau said on Sunday, from a Ukraine summit in London, that Canada is "not an issue" as a source of illegal fentanyl in the US. | Canadian Prime Minister Justin Trudeau said on Sunday, from a Ukraine summit in London, that Canada is "not an issue" as a source of illegal fentanyl in the US. |
| Mexico's president, Claudia Sheinbaum, appeared to send a message to Trump after the Lutnick interview when she said at a public event in the city of Colima that "Mexico has to be respected". | |
| "Co-operation [and] co-ordination, yes, subordination, never." | |
| President Trump has also announced a 25% charge on all steel and aluminium imports, which is meant to come into effect on 12 March. | President Trump has also announced a 25% charge on all steel and aluminium imports, which is meant to come into effect on 12 March. |
| In addition, he has threatened to impose custom "reciprocal" tariffs on individual countries, as well as 25% tariffs on the European Union. | In addition, he has threatened to impose custom "reciprocal" tariffs on individual countries, as well as 25% tariffs on the European Union. |