Commerce Secretary Howard Lutnick said on March 2 that tariffs on Mexico and Canada will resume as planned on Tuesday, but that the president will establish their exact levels.
President Donald Trump had previously promised to impose 25 percent tariffs on both countries on March 4 after previously pausing them during negotiations over security of their borders with the United States. While speaking with FOX News on Sunday, Lutnick said Canada and Mexico have “done a reasonable job” securing both borders and that Trump is deciding what the final tariff levels should be.
“He’s sort of thinking about right now how exactly he wants to play with Mexico and Canada, and that is a fluid situation. There are going to be tariffs on Tuesday on Mexico and Canada. Exactly what they are, we’re going to leave that for the president and his team to negotiate,” he said….