Trade Cases

Trump signals tariffs on Canada and Mexico will start next week

February 25, 2025

President Donald Trump told reporters Monday his 25% tariff on goods imported from Canada and Mexico is on schedule to begin next week.

Last month, Trump agreed to delay 25% tariffs on both Canada and Mexico by a month. Both countries agreed to meet certain demands, including addressing border security and drug trafficking.

Tuesday, March 4, marks the end of that 30-day reprieve.

“We’re on time with the tariffs, and it seems like that’s moving along very rapidly,” the president said at a White House press conference, according to an AP report.

Trump also signaled his reciprocal tariffs are expected to begin as soon as April, the AP reported.

“The tariffs are going forward on time, on schedule,” Trump stated.

Canadian and Mexican officials are in talks with the Trump administration, hoping to stave off the implementation of tariffs. Both countries are also taking internal actions to prepare, including plans for retaliatory tariffs on US products.

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. She has held a variety of positions within the steel industry since 2007, including reporting and editing for Steel Business Briefing/Platts, the Association for Iron and Steel Technology, and Kallanish Commodities, as well as marketing for what was then known as ThyssenKrupp Steel USA (now AM/NS Calvert). After a five-year hiatus working across other industries, she returned to steel in 2021 and has covered the flat rolled, tubular, and trade areas of the industry. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania. She can be reached at laura@steelmarketupdate.com or 724-759-7869.