Earlier, the tariffs were supposed to be imposed in February; however, both the neighbouring countries were given a month-long suspension till March 4.
President Donald Trump has announced plans to impose tariffs on Canada and Mexico from March 4, while an additional 10-per cent tariff will be charged on China from that date.
Earlier, the tariffs were supposed to be imposed in February; however, both the neighbours were given a month-long suspension.
The tariffs will remain in effect till the flow of drugs either stops or is ‘severely limited’.
In a post on Truth Social, Trump attributed the decision to the smuggling of illicit drugs into the United States at ‘unacceptable levels’, and argued that increased import duties would pressure other nations to crack down on trafficking.
“We cannot allow this scourge to continue harming the USA,” Trump wrote. “Until it stops or is significantly reduced, the proposed TARIFFS scheduled to take effect on MARCH FOURTH will proceed as planned. China will also face an additional 10 per cent tariff on that date.”
The proposed tariffs will remain in effect till the flow of drugs either stops or is ‘severely limited’, Trump said.
“The April Second Reciprocal Tariff date will remain in full force and effect. Thank you for your attention to this matter. GOD BLESS AMERICA!,” the social media post added.
Trump’s plan includes a 25-per cent tariff on imports from Canada and Mexico, with a reduced 10-per cent tax on Canadian energy products.
Fibre2Fashion News Desk (DS)