U.S. President Donald Trump's recent comments during his first cabinet meeting on Wednesday have created confusion regarding tariffs on goods from Canada and Mexico
Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.
President Trump proposed delaying tariffs on Mexico and Canada until April 2 while hinting at a 25% tariff on European cars. While Canada is poised to respond, the EU plans to counter any unjustified trade barriers.
President Trump plans to implement a variety of tariffs on imports, including a 25% tariff on European cars. As U.S. trade policies fluctuate, Canada's and Mexico's reactions remain cautious. With the confirmation of Jamieson Greer as the new Trade Representative,
Trump has targeted early April for imposing reciprocal tariffs matching import duty rates of other countries and offseting their other restrictions
U.S. President Donald Trump on Wednesday raised hopes for another month-long pause on steep new tariffs on imports from Mexico and Canada, saying they could take effect on April 2, and floated a 25% "reciprocal" tariff on European cars and other goods.