Trump to announce Mexico, Canada tariff levels this week

Trump to announce Canada, Mexico tariff levels on Tuesday, with potential for changes from the planned 25%.

In Short

U.S. Commerce Secretary Howard Lutnick announced that tariffs on Mexico and Canada will start on Tuesday, with President Trump deciding on the proposed 25% rate. Trump is also expected to impose a 10% tariff increase on Chinese goods linked to fentanyl trafficking unless action is taken.

U.S. Commerce Secretary Howard Lutnick announced that tariffs on Mexico and Canada will take effect on Tuesday.

President Donald Trump will decide whether to implement the proposed 25% tariff rate. Lutnick stated on Fox News that while tariffs are confirmed, the exact levels are still under negotiation.

This marks the first indication from the Trump administration that the full 25% tariffs may not be enforced. Lutnick noted that Canada and Mexico have made reasonable efforts to secure their borders, despite ongoing issues with fentanyl entering the U.S.

There has been some confusion regarding deadlines, as Trump previously mentioned an April 2 date but later reiterated that Tuesday would be the effective date for tariffs. In addition to the tariffs on Canada and Mexico, Trump is also set to announce a 10% tariff increase on Chinese goods unless they take action against fentanyl trafficking.