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US says it will push ahead with tariffs against Canada, Mexico and China

Posted on January 31, 2025




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The US will go forward with plans to hit Canada, Mexico and China with new tariffs, the White Home has mentioned, heightening the dangers of a commerce struggle.

Washington will hit Canada and Mexico with 25 per cent tariffs and China with 10 per cent levies, White Home press secretary Karoline Leavitt informed reporters on Friday.

“The February 1 deadline that President Trump put into place in a press release a number of weeks in the past continues,” Leavitt mentioned.

The feedback come after stories on Friday that the tariffs pledged by Donald Trump may very well be delayed by a month.

Leavitt mentioned such stories have been “false”, including, “these are guarantees made and guarantees stored by the president,” she mentioned. 

The US greenback index, which had whittled its positive factors to about zero following preliminary stories of a March 1 deadline, recovered to be 0.5 per cent larger on the day. The Mexican peso and Canadian greenback dipped into damaging territory, erasing earlier positive factors.

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