Donald Trump has announced that tariffs targeting the United States’ neighboring countries will take effect on April 2, in line with other reciprocal trade measures.
Commerce Secretary Howard Lutnick explained that in order to avoid these tariffs, Mexico and Canada must demonstrate to the President that they have taken effective measures to stem the flow of fentanyl across the border. Otherwise, the duties will go forward.
The 25% tariffs affect many products, and of particular concern are the duties on aluminum, which will be difficult for metal packaging producers on the other side of the border to cope with, as the U.S. steel mills are very outdated and unable to generate all the demand required.
In view of Trump’s announcement, Mexico’s President Claudia Sheinbaum assured that her team maintains a calm and optimistic stance, confident that the country can reach an agreement with Washington to avoid the imposition of tariffs.
Sheinbaum detailed that several members of her security team are in Washington, D.C., in meetings with Trump administration officials. As she explained, there are several proposals under discussion related to intelligence, cooperation and trade.
Trump makes good on his threat: 25% tariffs on all steel and aluminum imports
American Aluminum supports tariff freedom while Trump says he will impose these duties on Canada and Mexico
Trump announces 25% tariff on imports from Canada and Mexico and additional tariffs on China
BIDEN ANNOUNCES ITS INTENTION TO INCREASE TARIFFS ON ALUMINUM AND STEEL FROM CHINA TO 252%.
