Will Trump tariffs hit next week? What we know as 2 key dates near
Global News
Preparing for Donald Trump’s tariffs will be top of mind for Canadian government leaders as Prime Minister Justin Trudeau is set to meet the premiers on Wednesday.
Uncertainty and mixed messaging continue over whether or not U.S. President Donald Trump will hit Canada with sweeping tariffs next week on March 4.
Trump, who spoke to the media during the first meeting of his newly appointed cabinet, was asked if he would consider pausing or stopping the tariffs given the border security measures recently put in place by both of the U.S.’s neighbours.
“I’m not stopping the tariffs,” Trump told reporters, adding that he was concerned about the fentanyl crisis facing the U.S.
However, U.S. Commerce Secretary Howard Lutnick, who was also present at the meeting, clarified that Trump was talking about two separate sets of tariffs.
The first is the fentanyl-related 25 per cent tariffs on Canada and Mexico, which are set to hit on March 4. The second set of tariffs are reciprocal tariffs on all of America’s trading partners, which Trump said will go into effect on April 2.
“It’s a pause (on the fentanyl-related tariffs on Canada and Mexico). If they can prove to the president they’ve done an excellent job, that’s what they first do in 30 days. But then the overall (reciprocal tariffs) is April 2nd,” Lutnick said.
He added, “At the end of that 30 days, they have to prove to the president that they’ve satisfied him to that regard. If they have, he’ll give them a pause or he won’t.”
According to the Canadian government, less than one per cent of the fentanyl entering the U.S. comes from Canada.
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