/>iOn Feb. 27, President Donald Trump announced to the press while in the Oval Office that he intends to move forward with the implementation of 25 percent tariffs on imports of goods from Canada and Mexico.
On Feb. 21, the White House published an Executive Order announcing the imposition of 25 percent tariffs on goods imported from Canada and Mexico. Two days later, President Trump reached a deal with the presidents of Canada and Mexico to delay the tariffs for a month pending talks on new border control measures. The goal/speculation was that during that window, deals would be reached with both countries to avoid the imposition of tariffs.
However, President Trump announced that he would be moving forward with the tariffs, effective March 4, 2025, on both countries due to them not doing enough to stop the flow of drugs into the U.S.
When the tariffs were announced on Feb. 1, both Canada and Mexico announced that they would be imposing retaliatory tariffs on imports of goods from the U.S. With the U.S. moving forward with tariffs on both countries, we expect them to impose tariffs on goods from the U.S. in the coming days.
Additional Tariffs on China
On Feb. 1, the White House published an Executive Order announcing 10 percent tariffs on imports of goods from China, citing national security concerns. However, on Feb. 27, President Trump announced an additional 10 percent tariff on imports of goods from China, which would also go into effect on March 4. China has already announced retaliatory tariffs on the imports of goods from the U.S.; with the doubling of the tariffs on goods imported from China, we expect China to retaliate even further on goods coming from the U.S.
Drugs are still pouring into our Country from Mexico and Canada at very high and unacceptable levels. A large percentage of these Drugs, much of them in the form of Fentanyl, are made in, and supplied by, China.
