Trump announced: The import tariffs on Mexico will be implemented as scheduled, and the temporary suspension period is about to end

The temporary suspension of tariffs on Mexico and Canada is about to expire.

President Donald Trump said on Monday (2/26) that tariffs on imports from Canada and Mexico will proceed as planned and will take effect after the one-month postponement period ends.

"The tariffs will proceed as scheduled and as planned." Asked at a White House press conference about the delayed policy, Trump made it clear that the United States would resume tariffs on two major trading partners.

Trump: The United States has been taken advantage of by foreign countries for a long time

Trump stressed at a press conference that the United States has been exploited by foreign countries "in almost all areas" for many years, and once again proposed the so-called "reciprocal tariff" policy, arguing that the same tariffs should be imposed on U.S. trading partners as American goods are encountered overseas.

"So, the tariffs will go ahead as scheduled, and we will recapture a lot of economic benefits." Trump emphasized.

What goods are covered by the new tariff measures?

Trump signed an executive order as early as February 1, announcing a 25% tariff on imports from Mexico and Canada and an additional 10% tariff on Canadian energy products.

The reasons for these tariff policies, according to the White House statement, are mainly based on Mexico and Canada's failure to effectively prevent crime and drug trafficking into the United States.

Negotiations between the United States, Canada, and Mexico have resulted in a temporary suspension of tariffs, which is about to expire.

However, two days after the tariff order was signed, Mexican President Claudia Sheinbaum and Canadian Prime Minister Justin Trudeau separately pledged to strengthen border controls, and Trump announced a moratorium on the implementation of the new tariffs.

He announced on the 'Truth Social' social platform on February 3 that tariffs on Canadian goods will be suspended for 30 days, while tariffs on Mexican goods will be delayed for one month. During this period, the U.S. government will negotiate with Mexico and attempt to reach a 'final economic agreement' with Canada.

The U.S. tariff policy has attracted global attention, and China has retaliated

In addition to imposing tariffs on Canadian and Mexican goods, Trump also imposed a 10% tariff on Chinese goods and planned to implement a "reciprocal tariff" policy on all trading partners.

China has responded by announcing retaliatory tariffs on U.S. imports, raising fears of a further escalation of the U.S.-China trade war.

The US-Mexico tariff war is about to erupt? Trading partners prepare to retaliate

In addition to China, Mexico and Canada have also expressed strong dissatisfaction with the US tariff policy. After Trump announced the tariff policy, Trudeau and Hinbaum said that if the United States imposed tariffs, the two countries would impose retaliatory tariffs on American goods.

With the tariff moratorium about to expire, there is concern about whether the three countries can reach a last-minute agreement to avoid a new round of trade conflicts. It remains to be seen how Trump's tariffs will affect North American trade relations.

This article Trump announced: Canada-Mexico import tariffs will be implemented as scheduled, and the moratorium period is about to end first appeared in Chain News ABMedia.