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Indonesia News Portal for Traders | Financial & Business Updates

4 March 2025 05:33  |

Trump says no room left for Mexico, Canada to negotiate as tariffs set for Tuesday

President Donald Trump confirmed Monday that tariffs on Mexico, and Canada are set to go ahead on Tuesday as both nations have now run out of room to negotiate a deal.

Starting on Tuesday, all imported products from Canada and Mexico will be subject to 25% import duties. Trump has pointed to the lack of effort from Mexico and Canada to shore up their borders with the U.S. to stem the flow of the “vast amounts" of fentanyl that have poured into the United States.

“No room left for Mexico or for Canada,” the president told reporters at the White House. “The tariffs, you know, they’re all set. They go into effect tomorrow.”

Source: Investing.com

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