Economy

Trump Announces New Tariffs on Canada and Mexico Effective March 4, Extends Additional Charges to China

Trump Clarifies Tariff Implementation Dates

In a recent update on Truth Social, President Donald Trump confirmed that the tariffs on Canada and Mexico will commence as planned on March 4th. He also mentioned that China would face an additional 10% tariff on the same date.

Confusion Over Tariff Dates

Previously, there was speculation that the tariffs on Canada and Mexico might be delayed until April 2nd. However, Trump has now clarified that the original schedule remains unchanged. A senior White House official had indicated that further decisions on tariff policies would be made after a study is released on April 1st.

April Reciprocal Tariff Date Stands

The President also emphasized that the "April Second Reciprocal Tariff date will remain in full force and effect," indicating no changes to the previously announced plans for that date.