US President Donald Trump widens scope of tariffs, but pushes back timeline
United States (US) President Donald Trump hit markets with fresh tariff headlines on Wednesday, re-reiterating his insistence on 25% tariffs on Canada and Mexico, as well as adding the European Union (EU) to the mixed list of countries from which he will penalize US consumers for importing.
Despite a fresh doubling down on his plans to fund the US deficit spending with import taxes, President Trump has also kicked his own tariff can down the road for a fourth straight time, deciding that tariffs on Canadian and Mexican imports won't go into effect until April.
Key highlights
Not stopping the tariffs.
Tariffs will go on, not all, but a lot of them.
Canada and Mexico tariffs go into effect April 2nd.
We don't need Canada's lumber.
Trump decision on tariffs on EU: 25%
Details on EU tariffs coming soon.
EU can try to retaliate on tariffs.
EU tariffs to be 25% on autos, and other things.
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