Categories: Finances

US to boost tariffs on China and push ahead with Canada and Mexico levies

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US President Donald Trump said he would impose an additional 10 per cent tariff on imports from China and press ahead with levies on Mexico and Canada from March 4.

“The proposed TARIFFS scheduled to go into effect on MARCH FOURTH will, indeed, go into effect, as scheduled,” Trump wrote on Truth Social on Thursday.

The president halted the proposed tariffs on Mexico and Canada earlier this month, just hours before they were due to begin, giving the US’s two biggest trading partners a month-long reprieve.

But in his post on Thursday, Trump claimed that “drugs are still pouring into our Country from Mexico and Canada at a very high and unacceptable levels”.

Washington will also hit China with an additional 10 per cent levy on March 4, he said, adding that his reciprocal tariff plan would still go ahead as planned on April 2.

“China will likewise be charged an additional 10% Tariff on that date. The April Second Reciprocal Tariff date will remain in full force and effect,” Trump wrote.

Trump’s remarks are an apparent reversal from comments he made on Wednesday, when he said that the levies on Canada and Mexico would take effect on April 2, suggesting a possible delay.

This is a developing story

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