February 1 deadline: US President Donald Trump still expects to impose a 25% tariff on imports from Mexico and Canada

US President Donald Trump plans to impose tariffs on Canada and Mexico starting February 1. His administration is also considering new tariffs on China, escalating tensions with major trading partners.

Livemint
Published29 Jan 2025, 09:24 AM IST
FILE PHOTO: Shortly after taking office last week, Trump set a February 1 deadline for imposing a 25% tariff on imports from Mexico and Canada,
FILE PHOTO: Shortly after taking office last week, Trump set a February 1 deadline for imposing a 25% tariff on imports from Mexico and Canada,(REUTERS)

US President Donald Trump still intends to follow through on his promise to impose tariffs on Canada and Mexico this Saturday, White House spokeswoman Karoline Leavitt confirmed on Tuesday.

Leavitt told reporters at the White House that she spoke with the president on Monday night, and he affirmed that February 1 was "still on the books" for implementing the punitive tariffs against both countries.

Also Read | Colombian President’s daughter takes a swipe at Donald Trump’s deportations

"The president has also put out specific statements in terms of Canada and Mexico, when it comes to what he expects in terms of border security." Leavitt added. "We have seen a historic level of cooperation from Mexico. But again, as far as I'm still tracking, and that was last night talking to the president directly, Feb. 1 is still on the books."

 

Also Read | China’s DeepSeek is wake-up call for US, says Donald Trump

Shortly after taking office last week, Trump set a February 1 deadline for imposing a 25% tariff on imports from Mexico and Canada, unless the countries take action to stop the flow of illegal immigrants and the deadly opioid fentanyl into the U.S. He also announced plans to impose a 10% tariff on Chinese goods due to the country's involvement in the fentanyl trade.

Leavitt is the youngest person to serve as U.S. presidential press secretary,

 

Also Read | Google to rename Gulf of Mexico to ‘Gulf of America’ on Maps toeing Trump order

Trump has signed a stack of executive actions since returning to office as his new administration attempts to rapidly push the U.S. in a different direction. The president also has wielded his tariff threat against a growing number of countries, most recently against Colombia on Sunday.

In her first White House press briefing, Leavitt told reporters that Trump is still "very much" considering new tariffs on China for Saturday.

Trump's tariff threats against China, Canada, and Mexico—the three biggest trading partners of the United States, with annual import and export values of over $2.1 trillion—raise the stakes significantly.

-With inputs from Reuters

 

 

Catch all the Business News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

Business NewsNewsWorldFebruary 1 deadline: US President Donald Trump still expects to impose a 25% tariff on imports from Mexico and Canada
MoreLess
First Published:29 Jan 2025, 09:24 AM IST
Most Active Stocks
Market Snapshot
  • Top Gainers
  • Top Losers
  • 52 Week High
Recommended For You
    More Recommendations
    Gold Prices
    • 24K
    • 22K
    Fuel Price
    • Petrol
    • Diesel
    Popular in News