US Tariffs: Speculation intensifies after 25% tariff from today

New Delhi| Canada and Mexico are now left with no scope to avoid US tariffs that will come into effect. US President Donald Trump approved this.

During the investment announcement, when asked whether there could be a deal if Canada and Mexico are given tariff relief? “Tariffs are fully prepared and will come into effect March 04, 2025”, Trump said Trump said that Mexico now has no scope left to avoid tariffs.

US President-elect Donald Trump had announced a 25 percent tariff on imports from Mexico and Canada in the first week of February after coming to power for the second time. At the same time, it was announced to impose an additional 10% tariff on imports from China. After that, on February 4, he had postponed the tariffs on Mexico and Canada by 30 days.

During that time, the US President had said that new assurances related to border security have been received from both the countries. The US President had taken the decision to postpone the tariffs for 30 days after talks with counterparts from both countries.

On the other hand, Trump wrote in his post on social media Truth on Tuesday, “Great farmers of America should get ready to produce a lot of agricultural products, which should be sold in their country”. Products coming from outside will be taxed from April 2, have fun”

Last month, Trump condemned illegal drugs allegedly coming into the country from the borders of Canada and Mexico and decided to impose tariffs on both countries starting March 4, as well as reciprocal tariffs “with full force” on April 2.

“Drugs are still coming into our country from Mexico and Canada in very high and unacceptable quantities”, Trump said in a Truth Social post last February. A large percentage of these drugs, most of them in the form of fentanyl, are made in China and supplied on behalf of China. More than 100,000 people died last year because of the distribution of these dangerous and highly addictive poisons”

Citing cross-border drug trafficking in the US, Trump vowed to prevent or “seriously limit” such drugs, especially fentanyl. Trump’s post reads, “Millions of people have died in the last two decades”. The families of the victims have been devastated and, in many cases, almost ruined. We cannot allow this curse to harm the US, and therefore, unless it is stopped, or seriously limited, the proposed tariffs will only be in place as scheduled from March 4″

In addition to Mexico and Canada, the U.S. will also impose an additional 10 percent tariff on China starting March 4. “China will also be subject to an additional 10 percent tariff”, Trump said. Will remain in full force on the date fixed for the second reciprocal tariff of April.”