Starting Saturday, February 1, the United States will implement significant tariffs on imports from Canada, Mexico, and China, as promised by the new president, Donald Trump. This was announced by White House spokesperson Caroline Levitt during a briefing.
"I can confirm that tomorrow, February 1, is the deadline set by President Trump in his statement a few weeks ago," she stated.
According to her, the tariff on goods from Canada and Mexico will be 25%, while for Chinese goods, it will be 10%.
"These are the promises made, and the promises kept by the president," Levitt added.
She declined to provide further details on whether there would be exemptions for certain products, particularly oil.
However, sources close to the White House told Reuters that Trump will only sign the order to impose tariffs tomorrow, and these changes will take effect on March 1.
The Trump order will also establish a specific procedure through which all three countries can seek exemptions for certain goods. Nevertheless, any exemptions will be "few in number," said the publication's source.
As noted by Reuters, the introduction of these tariffs will be a painful blow for the U.S. neighbors. For instance, 75% of Canadian exports are directed to the United States. Canadian Prime Minister Justin Trudeau has already urged the nation to prepare for tough times.
It is also worth mentioning that the 10% tariff on goods from China is in addition to the 15% that the Biden administration had previously implemented.
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