Washington: The president of the United States, Donald Trump, will implement 25 percent tariffs in Canadian and Mexican imports and 10 % of Chinese products with immediate effect, said White House spokeswoman, Karoline Leavitt on Friday.
“The president will implement 2000 percent rates in Mexico, 25 percent tariff “, Leavitt,” Leavitt told him a white house conference.
Reuters Sources mentioned above with rates deliberations saying that Trump would announce tariffs on Canadian and Mexican imports on Saturday, but delays the collection of tariffs until March 1 and offered a limited process for certain imports to be exempt.
Leavitt described the report as “false”, but when asked about exemptions, he said he did not have an “update or reading for you about exemptions.”
He added that the duties would be published on Saturday and would immediately come into force.
Leavitt’s comments sent the highest dollar, particularly against Mexican peso and the Canadian dollar, which had recovered before after Reuters report. The yields of the treasure bonds also increased, while the actions reversed the course to lower the day.
When Trump imposed punitive tasks on Chinese good in 2018 and 2019, there was usually a two or three weeks delay for customs and border protection to start collecting rates, due to the notices required for importers.
The sources, who asked not to be appointed because they are not authorized to speak publicly about the matter, had said Reuters Hey had no details about a final rate, but noted that Trump has constantly said that he plans to impose a rate of 25 percent on imports from the two countries on Saturday.
Posted in Dawn, February 1, 2025