Trump to decide US tariff levels on Mexico, Canada as Tuesday deadline looms

4/3/2025 6:19

U.S. President Donald Trump will decide on Monday what levels of tariffs he will impose early on Tuesday on Canada and Mexico amid last-minute negotiations over border security and efforts to halt the inflow of fentanyl opioids, his commerce secretary said.



Trump has vowed to impose 25% tariffs on all imports from Canada and Mexico, with 10% for Canadian energy. CEOs and economists say the action, covering more than $900 billion worth of annual U.S. imports from its southern and northern neighbors would deal a serious setback to the highly integrated North American economy.



The tariffs are scheduled to take effect at 12:01 a.m. EST (0501 GMT) on Tuesday.



Commerce Secretary Howard Lutnick on Sunday signaled that Trump may not impose the full amount of tariffs, saying that the president would determine their exact levels and the tariffs were a "fluid situation."