01/31/2025

North America Braces for New Trump Tariffs as Saturday Deadline Nears

The tariffs could impede nearly $1.6 trillion in annual trade

Companies, consumers and farmers across North America braced on Friday for U.S. President Donald Trump to impose 25 percent tariffs on Canadian and Mexican imports within hours, moves that could disrupt nearly $1.6 trillion in annual trade.

Trump has set a Saturday deadline to impose the punitive duties over his demands that Canada and Mexico take stronger action to halt the flow of illegal immigrants and the deadly opioid fentanyl and precursor chemicals into the U.S.

Trump said on Thursday he still is considering an additional 10 percent tariff on Chinese imports to punish Beijing for its part.

Please select this link to read the complete article from Reuters.