White House says existing tariffs on trade from Canada and Mexico are unchanged by new Trump order
- A senior White House official confirmed that the 10 percent tariff on Canadian energy and the 25 percent tariff on goods from Canada and Mexico will stay in place.
- Trump stated that the tariffs would declare economic independence and help in reducing the trade deficit of over US$918 billion in 2024.
- Canada's Prime Minister Mark Carney indicated that he had a "constructive discussion" with Trump regarding economic relations, proposing negotiations following the upcoming election.
11 Articles
11 Articles
Canada and Mexico Avoid New Trump Tariffs, While Border-Related Penalties Remain in Place
U.S. President Donald Trump unveiled his long-promised plan seeking to rebalance global trade with reciprocal U.S. tariffs on April 2, but didn’t impose new tariffs on Canada and Mexico. A senior White House official said the initial 10 percent tariff on energy imports from Canada along with the broad 25 percent tariff on goods from Canada and Mexico in relation to illegal migration and fentanyl trafficking will remain in place unchanged. The cu…
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