Trade Cases
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Trump reiterates March 4 start for universal tariffs of 25% on Canada, Mexico
Written by Laura Miller
February 27, 2025
Even after a Cabinet meeting on Wednesday, there’s still some confusion about President Trump’s tariff plans.
Earlier this week, the president signaled the 25% tariff on all imports from Canada and Mexico would begin next week.
But during a Cabinet meeting at the White House on Wednesday, Trump appeared to suggest that the levies could be pushed out another month. Namely, to the April 2, a date he’s previously thrown around for other tariffs.
After the meeting, a White House spokesperson clarified to Politico that the tariffs are indeed scheduled to take effect on Tuesday, March 4, and the “reciprocal tariffs are still on for April 2.”
And on Thursday morning, Trump posted on Truth Social about Canada and Mexico: “the proposed TARIFFS scheduled to go into effect on MARCH FOURTH will, indeed, go into effect, as scheduled.”
He added, “China will likewise be charged an additional 10% Tariff on that date.”
CNBC confirmed with the White House that the additional 10% duty will raise China’s tariff rate to 20%.
Trump also reiterated: “The April Second Reciprocal Tariff date will remain in full force and effect.”
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Laura Miller
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Trump signals tariffs on Canada and Mexico will start next week
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Price: Should billions in Section 232 revenue go to foreign manufacturers or to the American people?
Do we want the benefits of the Section 232 tariffs to flow to the bottom lines of foreign steel and aluminum producers or to the US government and, ultimately, domestic manufacturers and their workers? In our view, the answer is simple. Section 232 exceptions do nothing more than lead to underserved profits for foreign manufacturers who are harming the US industrial base. That revenue could be used to pursue the Trump administration’s other policy priorities - such as deficit reduction or expanded tax cuts.