Trump to Finalize Tariff Rates on Canada, Mexico, and China by Tuesday

Commerce Secretary confirms tariffs on Canada and Mexico will begin Tuesday, with additional tariffs on Chinese imports under consideration.

U.S. Commerce Secretary Howard Lutnick announced that tariffs on Canada and Mexico will take effect on Tuesday, but the exact rates will be determined by President Trump.
Proposed tariffs include a 25% duty on most imports from Mexico and Canada, with a 10% rate on Canadian energy products, though final rates remain undecided.
An additional 10% tariff on Chinese goods, doubling the existing 10%, is also expected unless China addresses fentanyl trafficking into the U.S.
Treasury Secretary Scott Bessent suggested that Mexico and Canada could impose matching tariffs on China as a potential response by Tuesday.
Economists warn these tariffs could increase prices for American consumers on goods like electronics, groceries, and vehicles, despite ongoing efforts to combat inflation.