Trump says ‘no room left’ for deal that avoids tariffs on Mexico and Canada

Announcement leads to sharp sell-off on Wall Street as Trump also vows tariffs on farm products starting in April

The US will press ahead with steep tariffs on Canada and Mexico from Tuesday, Donald Trump has said, setting the stage for a trade war with his country’s two largest economic partners.

Hours before his administration was due to hit America’s closest neighbors with sweeping import duties, the US president claimed there was “no room left” for a deal to avoid their imposition. The announcement led to a sharp sell-off on Wall Street.

Topics

Trump says no more deals: Tariffs set to hit Canada, Mexico

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Trump says tariffs will finally take effect tomorrow The president told reporters ...
The Hill - 3h
Trump says tariffs on Canada and Mexico are 'on time, on schedule'

During a White House press conference, President Trump told reporters that his administration would move forward with planned tariffs on Canada and Mexico.
NBC News - Feb. 24
Trump says tariffs on Canada and Mexico 'will go forward'

President Donald Trump said sweeping tariffs on Canada and Mexico "will go forward" when a monthlong delay on their implementation expires next week.
CNBC - Feb. 24
What else can Canada and Mexico do to avoid Trump’s tariffs? America’s neighbors may slap new tariffs on China.

As traders worldwide wait to see if U.S. President Donald Trump once again holds off on putting new tariffs on Canada and Mexico, the head of the U.S. Treasury Department has highlighted one ...
MarketWatch - 3d
Trump says Canada, China and Mexico tariffs will take effect next week

President Donald Trump said Thursday that 25% tariffs on goods imported from Canada and Mexico would go into effect Tuesday, alongside yet another 10% layer of duties on China following one that ...
NBC News - 4d
Tariff Tuesday: Trump Says He’ll Hit Mexico, Canada, and China With Duties

Citing the unchecked flow of fentanyl, he plans to levy a 25 percent tariff on most products from our northern and southern neighbors. China faces an additional 10 percent levy.
Inc. - 4d
Trump says Mexico and Canada tariffs will go into effect as planned

President Trump on Monday said tariffs are "all set" to go into effect overnight, and that there is "no room" for Mexico and Canada to avoid them.
CBS News - 6h
Stocks fall as Trump says tariffs on Mexico, Canada will go into effect

Tariffs could raise prices for gasoline, avocados and iPhones.
ABC News - 3h