Many had hoped the top two US trading partners could persuade Trump to further delay tariffs
WASHINGTON – President Donald Trump said on Monday that tariffs on Canadian and Mexican imports are "on time and on schedule" despite efforts by the countries to beef up border security and halt the flow of fentanyl into the US ahead of a March 4 deadline.
Trump did not specifically mention the March 4 deadline. He later referred to his desire for "reciprocal" tariffs to match the duty rates and offset the trade barriers of all countries, including France. Any further delay negotiated ahead of the deadline will keep the tariff threat in place at least until clear evidence emerges that Canadian and Mexican measures are working, said Dan Ujczo, a lawyer specializing in US-Canada trade matters.
These include substantially raising tariffs on steel and aluminum to a flat 25%, rescinding longstanding exemptions for Canada and Mexico, the largest sources of US imports of the metals. These steep increases, which also extend to hundreds of downstream steel products, are due to take effect a week after the border tariffs, on March 12.
Trump signed the USMCA into law in 2020 after renegotiating the 1994 North American Free Trade Agreement, but has increasingly expressed dissatisfaction with imports of autos from Mexico and Canada.On Thursday, Mexican Economy Minister Marcelo Ebrard said on Thursday he had a "constructive dialogue" during a meeting with Trump's top trade officials.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
Similar News:آپ اس سے ملتی جلتی خبریں بھی پڑھ سکتے ہیں جو ہم نے دوسرے خبروں کے ذرائع سے جمع کی ہیں۔
White House says Canada has 'misunderstood' tariff order as a trade war, Mexico is 'serious'Trump on Saturday ordered sweeping tariffs on goods from Mexico, Canada and China
مزید پڑھ »
White House says Trump to impose tariffs on Canada, Mexico, China todayTrump will impose tariffs of 25 per cent on Canadian and Mexican imports and 10pc on Chinese goods.
مزید پڑھ »
South Korea requests to be excluded from Trump's efforts to increase tariffsSouth Korea requests to be excluded from Trump’s efforts to increase tariffs
مزید پڑھ »
Trump eyes Feb 18 for oil tariffs, expects lower duty for CanadaTrump eyes Feb 18 for oil tariffs, expects lower duty for Canada
مزید پڑھ »
Trump tariffs to stoke US food inflation despite pledge to lower costsTrump tariffs to stoke US food inflation despite pledge to lower costs
مزید پڑھ »
Trump unleashes heavy US tariffs on Canada, Mexico, ChinaPresident Donald Trump announced broad tariffs Saturday on major US trading partners Canada, Mexico and China, claiming a 'major threat' from illegal immigration and drugs -- a move that sparked promises of retaliation.
مزید پڑھ »