Commerce Secretary Howard Lutnick announced that tariffs on imports from Canada and Mexico will start Tuesday, but the rate may be flexible as negotiable by President Trump. He remarked on the effectiveness of border security by both countries while expressing concern over fentanyl drug flow into the U.S. Confusion arose from Trump referencing a possible 2 April deadline previously, although he has since reaffirmed the imminent tariffs alongside a planned increase on Chinese goods, contingent on ending fentanyl trafficking.
Lutnick noted that while tariffs will be imposed on Canada and Mexico, the specifics will depend on President Trump's negotiations, implying flexibility in the planned 25% rate.
Lutnick acknowledged that both Canada and Mexico have done well in securing their borders, but the issue of fentanyl trafficking remains a significant concern.
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