Thu Feb 27 14:40:00 UTC 2025: **Trump Reinstates Tariffs on Mexico, Canada, and China**
**WASHINGTON, D.C. –** President Trump announced Thursday that the previously delayed 25% tariffs on imports from Mexico and Canada will go into effect on March 4th, contradicting recent statements from White House officials. In a post on Truth Social, the President cited continued high levels of illicit drug trafficking as the reason for reinstating the tariffs. He also announced an additional 10% tariff on goods from China, effective the same date. These new tariffs, in addition to previously announced tariffs on steel and aluminum, represent a significant escalation of the President’s trade protectionist policies.
The announcement came as a surprise, directly opposing statements made earlier in the day by White House National Economic Council director Kevin Hassett, who indicated a decision on tariff policy would be made after April 1st. Futures markets reacted negatively to the news. The President’s decision highlights the continued uncertainty surrounding his trade policies and their potential impact on the global economy. The administration’s claim that the tariffs are necessary due to drug trafficking from Mexico and Canada has yet to be substantiated.
First Piper 