The White House is set to implement 25% tariffs on imports from Canada and Mexico next week, amid mixed signals about a possible delay. President Trump raised hopes for another postponement during recent comments, but the tariffs are slated to take effect on April 2. Commerce Secretary Howard Lutnick noted the necessity for Canadian and Mexican officials to prove progress on border control to influence the final decision. This uncertainty has contributed to fluctuations in financial markets, with a notable impact on the U.S. dollar against its Canadian and Mexican counterparts.
President Trump indicated that 25% tariffs on imports from Canada and Mexico are set to take effect next week, but initial hints of a possible delay have caused market volatility.
Commerce Secretary Howard Lutnick confirmed the tariffs would continue to be evaluated, emphasizing that Canada and Mexico must demonstrate progress on border controls before a decision is made.
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