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Tariffs for Mexico and Canada begin Tuesday, Trump confirms (Video)

Canadian Economy and Markets

Post author By Curator
Post date March 3, 2025

President Donald Trump said Monday that tariffs on goods from Mexico and Canada would go into effect tomorrow, ending a month-long delay that saw both U.S. neighbors scramble unsuccessfully to head off the punishing trade action.

“Tomorrow, tariffs — 25 percent on Canada and 25 percent on Mexico. And that’ll start. So they’re going to have to have a tariff. So what they have to do is build their car plants frankly and other things in the United States, in which case they have no tariffs,” the president told reporters.

The president’s comments followed earlier suggestions by Commerce Secretary Howard Lutnick that he might opt to impose less onerous import taxes.

Trump announced25 percent tariffs on goods from Canada and Mexico — and a related 10 percent tax on Chinese products — on Feb. 1, citing an influx of unauthorized migrants from the U.S. neighbors and blaming all three countries for …