Mexico is weighing further trade measures to crack down on low-cost shipments into the country, an official said on Thursday, after slapping tariffs on so-called "de minimis" purchases largely coming from China.
US president reaffirms that tariffs on Chinese imports will double to 20 per cent as reprieve period for Canada and Mexico ends.
President Donald Trump announced on Truth Social that his planned tariffs against Canada and Mexico are going to go into effect on Tuesday, and that he would double the 10% tariff on China as well.
President Trump said Thursday that he plans to raise the tariff on imported good from China to a new high of 20 percent, potentially raising the prices of imported technology products even higher. A Trump post on the Truth Social network said that he would impose tariffs of 25 percent on goods imported from Canada and Mexico on March 4,
President Donald Trump said tariffs on imports from Canada and Mexico will go into effect March 4 and intends to double tariffs on goods from China.
After a monthlong delay, President Donald Trump announced new tariffs on Mexico, Canada, and China.
Mexico pushes back: As President Trump uses the hammer of tariffs as a negotiating tool against Mexico, a sense of Mexican nationalism has been strengthened, and the country’s president, Claudia Sheinbaum, has seen her approval ratings rise. Read more ›
President Donald Trump was poised to impose 25% taxes on imports from Canada and Mexico Tuesday and to double to 20% his levies on Chinese products. All three countries — America's top trading partners — are threatening retaliation.
Trump's 25% tariffs on Mexico and Canada start March 4, as he doubled China's tariff to 20% and added agricultural tariffs. Read more for tariff implications.
President Trump's plan to impose 25% tariffs on nearly all goods imported from Canada and Mexico is set to take effect Tuesday. The president also plans to impose an additional 10% tariff on Chinese imports.
Long-threatened tariffs on Canada and Mexico will go into effect Tuesday, as will increased levies on China, President Trump confirmed. Why it matters: The tariffs are expected to trigger a trade war with the three largest U.S. trading partners, one that could raise prices for American consumers on a broad range of products.