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Trump tariffs take effect: What to know
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Fox Business, National

Trump tariffs take effect: What to know

By Daniella Genovese  | Fox Business President Donald Trump imposed tariffs on Canada and Mexico and an additional levy on China on Tuesday, escalating tensions with key trading partners.  The U.S. began imposing a 25% tariff on goods from Canada and Mexico Tuesday, and an additional 10% levy on Chinese imports as Trump looks to curtail drug trafficking and illegal immigration. Earlier this year, the administration delayed these tariffs to allow Canada and Mexico time to negotiate trade deals aimed at addressing U.S. border security and halting the flow of drugs like fentanyl. READ THE FULL STORY AT FOX BUSINESS
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Trump confirms tariffs on Mexico, Canada will be implemented March 4
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Daily Wire, National

Trump confirms tariffs on Mexico, Canada will be implemented March 4

By Hank Berrien | Daily Wire President Donald Trump on Thursday confirmed that tariffs on imports from Canada and Mexico will indeed be implemented on March 4, as well as hitting China with an additional 10% tariff. “Drugs are still pouring into our Country from Mexico and Canada at very high and unacceptable levels,” Trump wrote on Truth Social. “A large percentage of these Drugs, much of them in the form of Fentanyl, are made in, and supplied by, China. More than 100,000 people died last year due to the distribution of these dangerous and highly addictive POISONS. Millions of people have died over the last two decades. The families of the victims are devastated and, in many instances, virtually destroyed. We cannot allow this scourge to continue to harm the USA, and therefore,...
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Top automaker could move some production out of Mexico amid Trump tariff talks, CEO says
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Fox Business, National

Top automaker could move some production out of Mexico amid Trump tariff talks, CEO says

By  Cameron Arcand  | Fox Business Nissan CEO Makoto Uchida suggested President Trump’s tariffs could force the car manufacturer to shift its production outside of Mexico. "From Mexico to the U.S., we are exporting a significant number of cars this fiscal year[…] 320,000 units are exported from Mexico to the U.S., and if the high tariffs are imposed, we need to be ready for this, and maybe we can transfer the production of these models elsewhere if this were the decision, we will think how we can make it a reality while monitoring the situation," Uchida said, according to a translation on Reuters. The move could be a major blow to Mexico’s auto production sector, as nearly 670,000 vehicles were made by Nissan in the country last year, with over 456,000 of those being exporte...
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Trump’s Treasury secretary shuts down any tariff concerns, praises ‘frictionless global trade’
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Fox Business, National

Trump’s Treasury secretary shuts down any tariff concerns, praises ‘frictionless global trade’

By Kristen Altus  | Fox Business Less than one day after President Donald Trump signed off on a reciprocal tariff plan, the administration’s Treasury secretary shut down any economic concerns around the state of global trade. "President Trump is serious about negotiating this. And look, I don't understand why there's any pushback on this, that if they want to bring all these barriers down, then we will have more frictionless global trade," Scott Bessent said Friday in an exclusive interview on "Mornings with Maria." "As we've learned with President Trump, you should take him at his word. This is not theater," he continued. "The April 1 deadline is for a study that the Commerce Department is doing on global tariffs that apply to U.S. products country by country." READ THE F...
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Trump agrees to pause tariffs on Canada in exchange for more border enforcement
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Fox News, National

Trump agrees to pause tariffs on Canada in exchange for more border enforcement

By Louis Casiano | Fox News President Donald Trump will pause additional tariffs on Canadian imports for 30 days following a call with Prime Minister Justin Trudeau, who made some concessions to temporarily stave off the levies.  Trump and Trudeau spoke via phone Monday, hours before additional 25% tariffs were to take effect on Canadian goods coming into the United States. In a post on X, Trudeau said Canada will implement a $1.3 billion border plan and will appoint a fentanyl czar.  In addition, Canada will reinforce its border with new helicopters, technology, personnel and enhanced coordination with American authorities. He added that nearly 10,000 personnel are and will be working on border protection.  READ THE FULL STORY AT FOX NEWS
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Trump agrees to delay tariffs after Mexican President vows to send troops to border
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National, National Review

Trump agrees to delay tariffs after Mexican President vows to send troops to border

By David Zimmermann | National Review President Donald Trump agreed to delay the imposition of sweeping tariffs on Mexico by one month after Mexican President Claudia Sheinbaum promised to send 10,000 troops to the southern border to help the U.S. curb illegal immigration and fentanyl trafficking. The agreement came Monday morning, two days after Trump signed three executive orders authorizing 25 percent tariffs on imported goods from Mexico and Canada and a lower 10 percent tariff on products from China. Trump spoke with Sheinbaum and Canadian Prime Minister Justin Trudeau, both of whom vowed a retaliatory response to the U.S. tariffs. Trump confirmed the long-awaited tariffs on Mexico were paused for one month to allow room for negotiations, ho...
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Canada punches back against Trump with major tariffs of its own as trade war set to begin on Tuesday
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Fox Business, National

Canada punches back against Trump with major tariffs of its own as trade war set to begin on Tuesday

By Christopher Guly  | Fox Business Canada is responding to President Donald Trump’s 25% tariffs imposed on Saturday against its northern neighbor with its own major retaliatory measures, Canadian Prime Minister Justin Trudeau announced late Saturday night. As of Tuesday, when the U.S. tariffs take effect, Canada will impose 25% duties on about $21 billion of American goods with a further $86 billion to follow within 21 days to allow Canadian companies and supply chains to find alternatives, Trudeau told reporters at a news conference on Parliament Hill in Ottawa, surrounded by his foreign affairs, finance and public safety ministers. He said the Canadian tariffs on U.S. imports will cover a "far-reaching" range of products, including American beer, wine, bourbon, fruits and frui...
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China threatens to retaliate against Trump tariffs
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Fox Business, National

China threatens to retaliate against Trump tariffs

By Danielle Wallace  | Fox Business Beijing is threatening to retaliate against the United States as President Donald Trump's 10% tariffs on China are expected to take effect Tuesday.  The White House announced on Saturday that the Trump administration is implementing a 25% additional tariff on imports from Canada and Mexico and a 10% additional tariff on imports from China, in a move intended to hold the three countries "accountable to their promises of halting illegal immigration and stopping poisonous fentanyl and other drugs from flowing into our country."  Namely with Beijing, the White House said Chinese officials "have failed to take the actions necessary to stem the flow of precursor chemicals to known criminal cartels and shut down money laundering by transnational c...
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Trump proposes abolishment of federal income tax, bringing U.S. back to ‘richest period’ in history
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Fox Business, National

Trump proposes abolishment of federal income tax, bringing U.S. back to ‘richest period’ in history

By Kristen Altus  | Fox Business Pitching a monumental and potentially controversial proposal to his Republican allies, President Donald Trump is seemingly floating the idea of scrapping federal income taxes altogether. "We had no income tax. The income tax came in…1913. As I said in my speech last week, instead of taxing our citizens to enrich foreign nations, we should be tariffing and taxing foreign nations to enrich our citizens," Trump said during his conference address in Doral, Florida, on Monday. "It's time for the United States to return to the system that made us richer and more powerful than ever before," he added. "You know, the United States in 1870 to 1913, all tariffs. And that was the richest period in the history of the United States, relatively speaking." READ...
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Score one for Trump’s tariff threat tactic, as Colombia caves on deportation flights
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National, Washington Examiner

Score one for Trump’s tariff threat tactic, as Colombia caves on deportation flights

By Jamie McIntyre | Washington Examiner A short-lived standoff with the government of Colombia over the acceptance of U.S. military flights carrying deported immigrants ended last night after President Donald Trump threatened the South American country with visa restrictions and initial 25% tariffs before Colombian President Gustavo Petro caved. “The government of Colombia has agreed to all of President Trump’s terms, including the unrestricted acceptance of all illegal aliens from Colombia returned from the United States, including on U.S. military aircraft, without limitation or delay,” the White House said in a statement from press secretary Karoline Leavitt, who noted the tariff will be held “in reserve” while the visa restrictions would remain “until the...
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