• BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
FinanceTime
  • August 19th, 2026

FinanceTimeFinancetime

  • BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
Flags of the U.S., Canada and Mexico fly next to each other in Detroit, Michigan, U.S. August 29, 2018.  Rebecca Cook
Flags of the U.S., Canada and Mexico fly next to each other in Detroit, Michigan, U.S. August 29, 2018. Rebecca Cook
Home
World
Americas

Trump still expects to impose Feb 1 tariffs on Canada and Mexico, White House says

January 28th, 2025 | 23:04 PM WORLD Americas 3

Facebook Twitter Google+ LinkedIn Pinterest

Worth reading...

Bus-truck head-on collision in Parana, Brazil kills at least 21
Brazil's Bolsonaro campaign adds Sachsida, market figures to policy team
Bolivia lawmakers likely force economy minister's removal in setback for President Paz
Adviser to Bolivia's Paz, Argentina's Milei detained over attack on analyst
By David Lawder, Jarrett Renshaw

U.S. President Donald Trump still plans to make good on his promise to issue tariffs on Canada and Mexico on Saturday, White House spokeswoman Karoline Leavitt said on Tuesday.

Leavitt told reporters in her first White House press briefing that Trump also is still "very much" considering fresh tariffs on China for Saturday.

Shortly after taking office last week, Trump set a Feb. 1 deadline for imposing 25% tariffs on imports from Mexico and Canada unless the countries move to halt flows of illegal immigrants and the deadly opioid fentanyl into the U.S. He also said he would slap a 10% tariff on Chinese goods over that country's role in the fentanyl trade.

Asked about the Saturday deadline for Canada and Mexico, Leavitt said Trump has said it "still holds."

"The president has also put out specific statements in terms of Canada and Mexico, when it comes to what he expects in terms of border security." Leavitt added. "We have seen a historic level of cooperation from Mexico. But again, as far as I'm still tracking, and that was last night talking to the president directly, Feb. 1 is still on the books."

She did not specify what actions Canada, Mexico and China needed to take to avert the tariffs. Trump, who first threatened the punitive duties in late November, has said that the tariffs would remain in place until the flows of migrants and drugs stop.

On Sunday, Trump forced Colombia to accept U.S. deportations of illegal immigrants, including via military aircraft, after threatening Latin America's fourth largest economy with 25% tariffs. For about 10 hours, Colombian President Gustavo Petro's refusal to accept military aircraft loaded with deported Colombian nationals and threats to match Trump's tariffs had the two free trade partners reeling toward an unexpected

FAR BIGGER STAKES

The stakes are far higher in Trump's tariff threats against Mexico, Canada and China, the three largest U.S. trading partners accounting for over $2.1 trillion in annual imports and exports.

Colombia was the U.S.' 23rd largest trading partner in 2023, accounting for $33.8 billion worth of two-way trade, and a $1.6 billion U.S. trade surplus, according to U.S. Census Bureau data. Colombia's economy is highly dependent on exports to the U.S., which made up 29% of its total exports for the first 11 months of 2024, according to the country's statistics agency.

Disrupting trade flows within the highly integrated North American economy would be very costly, said Mary Lovely, a trade economist at the Peterson Institute for International Economics.

Among the biggest impacts would be the auto industry, where parts and components can cross national borders several times before a vehicle's final assembly in the U.S., Canada or Mexico.

"That's kind of a sobering fact that lays in the direction of doing something that either pushes this can down the road or which finds a way to resolve this," Lovely said.

She added that Canada and Mexico "have to be thinking the U.S. has a lot to lose here, too. They're not Colombia."

Howard Lutnick, Trump's nominee for Commerce secretary who has been designated leader of trade strategy, faces senators on Wednesday for a confirmation hearing. His prepared remarks revealed no new details about Trump's trade plans.

  • Topic
  • USA
  • TRUMP/TARIFFS (UPDATE 1)
Facebook Twitter Google+ LinkedIn Pinterest
Previous article Bus-truck head-on collision in Parana, Brazil kills at least 21

Related Posts

Americas
August 19th, 2026

Bus-truck head-on collision in Parana, Brazil kills at least 21

Americas
August 18th, 2026

Brazil's Bolsonaro campaign adds Sachsida, market figures to policy team

Americas
August 18th, 2026

Bolivia lawmakers likely force economy minister's removal in setback for...

Americas
August 18th, 2026

Adviser to Bolivia's Paz, Argentina's Milei detained over attack on anal...

Americas
August 18th, 2026

Ecuadorean diplomat nominated as candidate to lead UN

Americas
August 18th, 2026

Carney and Trump speak ahead of 50% US tariff deadline

The Wire
Aug 19th 4 h ago
Litigation

Greater regulatory scrutiny no bar to mining mergers, bosse...

Aug 19th 4 h ago
Energy

Turkey is ready to search for oil and gas in Syria, Turkish...

Aug 19th 4 h ago
Technology

Nebius plans $4.5 billion convertible debt sale to fund dat...

Aug 19th 5 h ago
Baseball

Now healthy, Blue Jays' Max Scherzer takes aim at Rays

Aug 19th 5 h ago
Retail & Consumer

Off-price retailer TJX raises annual profit forecasts

TRENDING ON FINANCETIME
Aug 19th, 2026 Business

European corporate outlook keeps improving as recovery goes beyond energy profits

Aug 19th, 2026 Baseball

With Jo Adell in question, Guardians chase series win vs. Giants

Aug 19th, 2026 Technology

Analog Devices' quarterly forecast tops estimates on AI-fueled chip demand

Aug 19th, 2026 India

Global shocks, IPO wave could temper India's earnings-led market revival, Abakkus Investment says

Aug 19th, 2026 Africa

Egypt to widen cash subsidy scheme to cover more essential foods

Markets-Sectors
HEALTHCARE +1.60%

  • BUSINESS
  • MARKETS
  • WORLD
  • POLITICS
  • TECH
  • COMMENTARY
  • BREAKINGVIEWS
  • MONEY
  • LIFE
  • SECTORS
  • Back to top
FinanceTime
FinanceTime

World Business & Financial News, Breaking US & International News

Additional Services
  • Privacy-Policy
  • Terms and Conditions
© Financetime.org 2026. All rights reserved. Hosted by LeadsDeposit.com
Produced by C-iT