President Donald Trump announced today that the imposition of tariffs on Canada and Mexico will proceed as scheduled. During a joint news conference at the White House with French President Emmanuel Macron, Trump emphasized the importance of enforcing the tariffs, stating, 'We’re on time with the tariffs, and it seems like that’s moving along very rapidly.' He reiterated his belief that the United States has been taken advantage of by other countries and reaffirmed that the tariffs will be implemented as planned.
Initially, the deadline for imposing tariffs on Canada and Mexico was set for February 1, 2025, but it was later postponed by the president. Trump emphasized that the goal of the tariffs is to achieve trade fairness and ensure that other countries reciprocate with dollar-for-dollar tariffs. However, it is important to note that the tariffs imposed by Trump on Canada and Mexico are not reciprocal tariffs, as they are part of a pre-existing free trade agreement with the United States.
