A freight truck carrying Lumber crosses the border from Canada to the US as has been observed from Champlane, New York, US on March 5, 2025. Photo Credit: Reuters
US President Donald Trump said on Friday (March 7, 2025) that he could apply a Canadian dairy and a mutual tariff on wood within days – a step to meet the tension with Otawa a few days after the levy wave with Ottawa.
Since assuming office in January, Mr. Trump has highlighted a range of tariffs and dangers that targeted US colleagues and opponents, including duties up to 25% on imports from Canada and Mexico.
On Thursday (March 6, 2025), he temporarily provided important trading partners, temporarily provided, exempting goods coming from both countries under the North American Trade Treaty.
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Mr. Trump also indicated that mutual levy may come soon as Friday (March 7, 2025): “Canada has been stopping us on tariffs for lumbar and for dairy products for years.”
The President said, “They will meet with the same tariff until they drop it, and that is mutual meaning.”
He said, “We can do it like today, or we will wait till Monday or Tuesday,” he said about the two areas that have long been affected by trade disputes between neighbors.
Economists warn that blanket levy can weight weigh on American development and increase inflation, saying that they also weigh on business and consumer spirit.
But Mr. Trump maintained pressure on Canada on Friday (March 7, 2025): “It is never appropriate. It has never been fair, and he has treated our farmers badly.”
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In an earlier interview with Fox businessMr. Trump said that tariffs affecting Canada and Mexico may increase in future.
Asked if companies could get more clarity on their trade policies, Mr. Trump said: “I think so. But, you know, tariffs can move over time.”
White House senior counselor Peter Navaro told CNBC In a separate interview, he dismissed the idea that Mr. Trump had uncertainty around trade policies.
“Uncertainty is created by the fact that people do not take President Trump into his promise,” he said.
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The levy of up to 25% became effective this week after the stock markets collided after Mr. Trump’s move to return some tariffs on Canada and Mexico.
On Thursday (March 6, 2025), the White House stated that the exemption of goods under the United States-Maxico-Canada Agreement (USMCA) has recognized the unique impact on the American motor vehicle manufacturers “.
A White House official told reporters that about 62% canadian imports would still face fresh levy, although there are many of them with energy resources that were less than 10%.
For Mexico, the ratio of affected imports is approximately 50%, the officer added on the condition of anonymity.
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However, Marcello Ebard, secretary of the economy of Mexico, said that 90% of its exports to the United States fall under the three-nation trade treaty and will be exempted from tariffs by April.
“Under the agreement, we guess that we will reach very close to 90%of all types of products.”
Published – March 08, 2025 05:49 AM IST
