The president also said 25 percent tariffs on Canada and Mexico will go into effect on March 4.
Proposed tariffs on China, Canada, and Mexico will go into effect on March 4, President Donald Trump has confirmed on social media platform Truth Social.
The additional 10 percent levy on Chinese goods entering the United States will effectively double the existing 10 percent universal tariff rate on China to 20 percent.
Illicit drugs “are still pouring into our country from Mexico and Canada at very high and unacceptable levels,” Trump wrote on Feb. 27.
“We cannot allow this scourge [of illicit drugs] to continue to harm the USA, and therefore, until it stops, or is seriously limited, the proposed TARIFFS scheduled to go into effect on MARCH FOURTH will, indeed, go into effect, as scheduled,” the president wrote.
Additionally, he confirmed that reciprocal tariffs “will remain in full force and effect” in April.
Earlier this month, Canada and Mexico secured a 30-day pause on tariffs as U.S. neighbors pledged to bolster their border policies to help curb the flow of drugs and reduce the number of illegal immigrants entering the country.
“The fentanyl-related things, if they’re working hard on the border, at the end of that 30 days, they have to prove to the president that they’ve satisfied him to that regard,” Commerce Secretary Howard Lutnick said as the president hosted the first Cabinet meeting of his second term on Feb. 26.
Trump clarified that it was “going to be hard to satisfy.”
Since Inauguration Day, the president has suggested various sweeping trade policies that would apply sizable levies to U.S. trading partners.
U.S. stocks were little changed after Trump affirmed his tariff plans.
This is a developing story and will be updated.
