Tariffs on Canada to Take Effect Tuesday

Tariffs on Canada will take effect Tuesday. The White House has issued an executive order lifting the 30-day moratorium on the implementation of these tariffs. While details on how the tariffs will be imposed have not yet been disclosed, Commerce Secretary Howard Lutnick suggested that the original plan for a 25 percent tariff might be revised.

Notably, President Trump had previously postponed the 25 percent tariff on Canadian goods until March 4, opting instead to impose a 10 percent tariff on Canadian oil and gas.

Despite Canada’s efforts to strengthen border security and engage in diplomatic discussions, Trump stated last Thursday that he would move forward with tariffs on Canada and Mexico starting Tuesday.

In an interview, Trump mentioned that he had not observed sufficient progress from Canada and Mexico. Meanwhile, Canadian Prime Minister Justin Trudeau has announced that Ottawa will respond immediately with retaliatory tariffs if these measures are enacted.