U.S. President Donald Trump hosts his first cupboard assembly with Elon Musk in attendance, Washington, D.C., U.S., February 26, 2025.
Brian Snyder | Reuters
President Donald Trump on Thursday mentioned that his proposed tariffs on Mexico and Canada will go into impact on March 4, and that China can be charged a further 10% tariff on the identical date.
The sweeping 25% tariffs on imports from Mexico and Canada had been paused on Feb. 3 for one month. However the Trump administration has just lately sown confusion about whether or not they would return into impact when the delays expired.
In a Truth Social post Thursday morning, Trump clarified that they might.
He claimed that illicit medication “are nonetheless pouring into our Nation from Mexico and Canada at very excessive and unacceptable ranges,” regardless of pledges from each U.S. neighbors to spice up their efforts to police their borders.
“We can not enable this scourge to proceed to hurt the USA, and due to this fact, till it stops, or is significantly restricted, the proposed TARIFFS scheduled to enter impact on MARCH FOURTH will, certainly, go into impact, as scheduled,” Trump wrote.
He additionally introduced that China, which already faces 10% U.S. tariffs on its merchandise, “will likewise be charged a further 10% Tariff on that date.”
Trump added, “The April Second Reciprocal Tariff date will stay in full drive and impact.”
Dow Jones Industrial Common futures turned slightly negative following Trump’s publish.
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