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Commerce secretary says US to impose tariffs against Canada and Mexico but a ‘fluid situation’
CNN
Commerce Secretary Howard Lutnick said Sunday he expects the United States to impose tariffs on Canada and Mexico on Tuesday, but said President Donald Trump will determine the levels in a “fluid situation.”
Commerce Secretary Howard Lutnick said Sunday he expects the United States to impose tariffs on Canada and Mexico on Tuesday, but that the situation is “fluid” and President Donald Trump will determine the levels. “There are going to be tariffs on Tuesday on Mexico and Canada,” Lutnick told Fox News’ Maria Bartiromo on “Sunday Morning Futures.” “Exactly what they are, we’re going to leave that for the president and his team to negotiate.” Trump’s proposed tariffs from February consisted of a 25% duty on all imports from Mexico and most from Canada (energy products were to have a 10% tariff), along with a new 10% tariff on Chinese goods. Tariffs on Canada and Mexico were delayed for a month, but Trump did enact a new 10% across-the-board tariff on Chinese products. Lutnick also indicated that an additional 10% tariff on Chinese imports remains on the table for Tuesday. Economists expect tariffs placed on America’s top three trading partners will make goods, including shoes, electronics, groceries and vehicles more expensive. Tariffs could hurt American consumers and businesses who, despite easing inflation rates, still feel the effects of long-term inflation. Also on Sunday, Treasury Secretary Scott Bessent told CBS News’ Margaret Brennan that Mexico has offered to match the United States with tariffs on China, and if Canada does the same, “that would be a very good start.”