President Trump Confirms 25% Tariffs On Mexico And Canada Will Begin Tomorrow

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President Trump confirmed during his most recent press conference that the tariffs on Mexico and Canada will begin tomorrow.

President Trump confirmed that a 25% tariff will be placed on Mexico and Canada imports starting tomorrow.

One reporter asked Trump,  “On the tariffs, is there any room left for Canada & Mexico to make a deal before midnight?”

Trump responded, “No room left for Mexico or for Canada, no. The tariffs you know, they’re all set. They go into effect tomorrow.”

Take a look:

Per CNBC:

President Donald Trump said that the U.S. will impose 25% tariffs on Canada and Mexico on Tuesday, scrapping hopes of a last-minute deal that would avoid stoking a trade war with America’s top trading partners.

Trump, speaking at the White House on Monday afternoon, said there was no room left to negotiate with the two U.S. allies.

“They’re all set. They go into effect tomorrow,” he said.

Stocks, already trading in the red, sank further following Trump’s comments.

Trump had signed an executive order imposing 25% tariffs on Mexico and many imports from Canada on Feb. 1. But he postponed those plans for a month on Feb. 3, after both U.S. neighbors pledged to take steps to address issues at their respective U.S. borders.

Trump confirmed last week that the paused tariffs on Mexico and Canada would turn back on on March 4, complaining that illicit drugs are still “pouring into our Country from Mexico and Canada at very high and unacceptable levels.” He also announced an additional 10% tariff on Chinese imports.



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