Home > Quick > Body

When will the tariffs be increased and how strong will they be? Trump's tossing and turning has left the market confused

clock
2025-02-26 21:40:26
On February 27th, US President Donald Trump gave a series of apparently contradictory answers to the question of imposing tariffs on Canada, Mexico and the European Union. He announced tariffs on Canada and Mexico earlier this month, but after the leaders of the two countries pledged to strengthen border controls, Trump agreed to delay the implementation of the tariffs for a month, and the grace period will end next week. At a full cabinet meeting on Wednesday, reporters asked Trump whether he would move forward with plans to impose 25% tariffs on Canada and Mexico on March 4. "I'm not going to stop the tariffs," Trump replied. He then began to complain about how the United States has been squeezed by the neighbors for years. But Mr. Trump later said the tariffs on Mexico and Canada would take effect on April 2. It was unclear whether Mr. Trump had given the two countries more time or if he had confused the Mexico tariffs with the so-called reciprocal tariffs that the commerce department and the US trade representative were looking at for countries to apply universally. Asked later whether he had decided to impose specific tariffs on the European Union, Mr. Trump said the rate was set at 25 per cent. But then he moved on to auto tariffs and other topics.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
New Tab Page - Desk3 | Plugin
Stay ahead of the game in the cryptocurrency space.