As promised, imported goods from Canada and Mexico are subject to 25% tariffs starting today. Although President Donald Trump said negotiations might keep the tariffs from taking effect after a monthlong pause, Monday afternoon he said time had run out.
“Tomorrow — tariffs 25% on Canada and 25% on Mexico—and that will start,” the president said. “They are going to have to have a tariff.”
The Canada and Mexico tariffs will affect about $900 billion in annual imported goods.
In addition, the president levied an additional 10% tariff on imported goods from China, doubling the tariff he levied in early February.
Trump said Monday that there was “no room left for Mexico or for Canada” to avoid the new tariffs, which also tax Canadian energy products such as oil and electricity at a lower 10% rate.
Canadian Foreign Minister Melanie Joly said the country was ready should the U.S. president impose tariffs.
“We are ready with $155 billion worth of tariffs,” Joly said, “and we are ready with the first tranche of tariffs, which is $30 billion.”
RV refrigerators are among the first group of products subject to Canadian tariffs. RVs are included in the second group of $125 billion in additional tariffs.
Canadian Prime Minister Justin Trudeau said Monday there was no justification for the U.S. tariffs.
“While less than 1 per cent of the fentanyl intercepted at the U.S. border comes from Canada, we have worked relentlessly to address this scourge that affects Canadians and Americans alike,” he said. “Because of this work, in partnership with the United States, fentanyl seizures from Canada have dropped 97% between December 2024 and January 2025 to a near-zero low of 0.03 pounds seized by U.S. Customs and Border Protection.”
Trudeau said the second group of tariffs will be levied in three weeks and will remain in place until the U.S. tariffs are withdrawn.
“Should U.S. tariffs not cease,” he said, “we are in active and ongoing discussions with provinces and territories to pursue several non-tariff measures. While we urge the U.S. administration to reconsider their tariffs, Canada remains firm in standing up for our economy, our jobs, our workers and for a fair deal.”
Mexico President Claudia Sheinbaum said Tuesday morning that Mexico would also retaliate to the U.S. tariffs.
Sheinbaum said she will announce the products Mexico will target Sunday in a public event in Mexico City’s central plaza.
