Tariffs and the Trump Administration: A Standoff with Canada and Mexico
Tariffs Under the Trump Administration
President Trump is keeping his powder dry, at least for now, in deploying tariffs to advance his administration's push to redefine trade relations with other major economies around the world. Mr. Trump, who as president-elect indicated he could implement sweeping levies on foreign imports on his first day in office, halted plans for so-called universal tariffs or directly targeting China, despite previous threats of 60% duties.
Potential Tariffs on Canada and Mexico
Instead, Mr. Trump said Monday that his administration is considering 25% tariffs on Canada and Mexico as soon as February 1 unless they take stronger measures to curb the flow of unauthorized migrants and illicit drugs into the U.S. This provocative stance may lead to significant shifts in trade dynamics and economic relationships across North America.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.