President Donald Trump will impose a 10% tariff on Chinese imports and reinstate 25% tariffs on Canada and Mexico next week, with additional European Union duties potentially on the horizon.
In a post on Truth Social on Feb. 27, Trump confirmed the paused tariffs on Canada and Mexico will take effect March 4. Additionally, he said China will face an extra 10% tariff on the same day.
The announcement follows a Feb. 26 press briefing in which Trump signaled his intent to impose 25% tariffs on vehicles and other goods from the European Union. He also reaffirmed that April 2 remains the planned implementation date for his broader reciprocal tariff policy.
The tariffs on Canada and Mexico were initially scheduled for Feb. 4 but were delayed as both countries worked to address U.S. concerns over fentanyl trafficking. However, Trump said Feb. 26 the flow of drugs into the U.S. remains at “unacceptable levels,” justifying the renewed enforcement.
“It’s going to be hard to satisfy,” Trump posted, referencing the conditions required for another delay.
Mexico’s President Claudia Sheinbaum responded Feb. 27, stating that her administration remains optimistic about reaching an agreement with the U.S. before the tariffs take effect. Mexican officials are currently in talks with U.S. representatives in Washington, D.C., exploring intelligence-sharing and trade coordination strategies to avert the tariffs.
“We are going to wait and see how -- it's Tuesday, right, March 4 -- we hope we are able to speak with President Trump once these meetings have happened,” Sheinbaum said in Spanish during her daily press conference. “As we always say: cool head and with optimism that we can reach a deal.”
The potential 25% tariffs on EU imports add another layer of uncertainty to global trade dynamics, with businesses and policymakers closely watching the developments ahead of the April 2 deadline.
