President Trump is expected to announce new tariffs on Canada and Mexico that will begin on March 1, but will include a process for the countries to seek specific exemptions for certain imports, three people familiar with the planning told Reuters.
The tariff situation remained fluid on Friday and no decision is final until Trump makes a public announcement. Trump had said as recently as Thursday that the tariffs would begin Feb. 1.
The three sources, who asked not to be named because they are not authorized to speak publicly on the matter, said they did not have details on a final tariff rate, but noted Trump has consistently said that he plans to impose a 25% tariff on imports from the two countries.
Separately, an administration official said Trump on Friday was reviewing tariff plans, which may allow for some exemptions. Still, any exemptions would be “few and far between,” the official said.
While the announcement of tariffs may roil financial markets and strain the U.S. relationship with its top two trading partners, offering a 28-day window before implementation and a process for exemptions would suggest a more careful approach by the Trump administration.
It also would buy time for negotiations over actions by Canada and Mexico to meet Trump’s stated goals for the duties, to pressure the two U.S. neighbors to halt the flow of illegal immigrants and deadly fentanyl across the U.S. border.
Read More Details
Finally We wish PressBee provided you with enough information of ( Report: Trump to Delay Tariffs on Imports from Mexico, Canada Until March 1 )
Also on site :
- Child Damages $56 Million Rothko Painting in Rotterdam Museum
- Four dead after car crashes into after-school camp in US state of Illinois
- Videos capture fighting during Israeli raid in occupied West Bank