United States (US) President Donald Trump hit social media on Thursday, taking to the streets of X (nee Twitter) to inform global markets that his planned 25% tariff package aimed at Mexico and Canada will now be coming into effect on March 4, rather than the April 2 date he reaffirmed just hours earlier. President Trump also informed markets that he plans to impose an additional 10% tariff on Chinese goods on that date.
At the same time, White House officials primed the pump on additional “reciprocal tariff” packages that are also in the pipeline aimed at a wide swath of countries, which will likely expand to include the UK and the European Union in general. More statements from President Trump are expected throughout the day.
Key highlights
Trump: Mexico and Canada tariffs on March 4. China to also be charged an additional 10% tariff on that date.
April 2 reciprocal tariff date remains in full force.
Trump admin official: trade to be part of Trump-Starmer discussions; the US wants reciprocal, equal trade with the UK.
Source: https://www.fxstreet.com/news/us-president-donald-trump-canada-mexico-tariffs-coming-march-4-202502271531