U.S. President Donald Trump is expected to 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.
U.S. Commerce Secretary Howard Lutnick said on Sunday that tariffs on Canada and Mexico will go into effect on Tuesday, but that President Donald Trump will determine whether to stick with the planned 25% level.
Canada is one of the United States’ largest trading partners, but President Trump wants to either take it or leave it.
Legendary investor Warren Buffett has warned that President Donald Trump's tariffs on goods imported from foreign countries such as Canada and Mexico could have a disastrous impact on American consumers.
President Donald Trump will enforce tariffs on Tuesday against Canada and Mexico, but at what percentage, he has yet to decide, according to Commerce Secretary Howard Lutnick.