President Trump’s advisers are considering several offramps to avoid enacting the universal tariffs on Mexico and Canada that he had pledged, according to people familiar with the matter, even as he reiterated Thursday that the tariffs are coming.
The situation is fluid and Trump still may go through with his vow to slap 25%, across-the-board levies on imports from America’s two largest trading partners. The president has consistently said he would do so by Saturday.
But amid ongoing negotiations with Canada and Mexico, the administration appears undecided on whether to impose tariffs on all imports from those countries, the people familiar with the matter said, adding that administration officials are preparing to opt for more targeted measures instead.
Trump announces he is going ahead with placing 25% tariffs on Canada and Mexico.
In response, Canada plans pandemic-scale relief program to plunge the country further into debt and push it to the brink of default.
Buckle up! pic.twitter.com/0BEsBK2bvf
— Pasquale Sasso (@PasqualeSasso) January 30, 2025
