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US President Donald Trump widens scope of tariffs, but pushes back timeline
World FX news
Breaking news
US President Donald Trump widens scope of tariffs, but pushes back timeline
New
2025.02.27 02:44
2025.02.27 02:44
2025.02.27 02:44
US President Donald Trump hit markets with fresh tariff headlines on Wednesday, re-reiterating his insistence on 25% tariffs on Canada and Mexico, as well as adding the European Union to the mixed bad of countries that he will penalize US consumers for importing from.
Despite a fresh doubling down on his plans to fund the US' deficit spending with import taxes, President Trump has also kicked his own tariff can down the road for a fourth straight time, deciding that tariffs on Canadian and Mexican imports won't go into effect until April.
Key highlights
Not stopping the tariffs.
Tariffs will go on, not all, but a lot of them.
Canada and Mexico tariffs go into effect April 2nd.
We don't need Canada's lumber.
Trump decision on tariffs on EU: 25%
Details on EU tariffs coming soon.
EU can try to retaliate on tariffs.
EU tariffs to be 25% on autos, and other things.
Last updated
: 2025.02.27
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2025.02.27 00:45Disclaimer:
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