Trump: Tariffs on Canada and Mexico to be Imposed as Scheduled

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2025-02-26

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On February 24, U.S. President Donald Trump stated during a press conference with French President Emmanuel Macron that tariffs of 25% would be imposed on Canada and Mexico starting March 4, emphasizing that reciprocal tariff measures would be quickly implemented.

The U.S. Department of Commerce is calculating tariff rates for other countries and considering trade barriers on imports. In addition to this news, Trump's plans to impose stricter semiconductor controls on China have triggered a global stock market decline in AI stocks. The five major Taiwanese AI companies with factories in Mexico saw their market value drop by over NT$161.9 billion in a single day.

A U.S. official revealed that the 25% tariffs on Canada and Mexico might be delayed until April. Trump has already imposed a 10% tariff on Chinese imports and plans to impose tariffs on steel and aluminum products in March. Economists warn that these tariff measures could drive up prices, making income expectations difficult to meet.

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