The date marks when Washington plans to impose ‘reciprocal tariffs’ on a wide range of foreign trading partners
A line of trucks travel into Canada as a FedEx truck enters the United States at the Pacific Highway U.S.-Canadian border crossing in Blaine, Washington, on March 5.U.S. Secretary of Commerce Howard Lutnick says he expects Donald Trump will grant most imports from Canada and Mexico a reprieve from the 25-per-cent levies at least until early April when Washington is expected to layer more punishing levies on a host of countries.
April 2 is when Washington plans to impose “reciprocal tariffs” on a wide range of foreign trading partners for any taxes or duties or barriers it deems constitutes unfair treatment of U.S. companies. “My expectation is the president will come to the agreement today that USMCA compliant goods will not have a tariff for the next month until April 2,” the commerce secretary said. .
Prime Minister Justin Trudeau, speaking to reporters Thursday, said the comments from Mr. Lutnick align with where talks with the Americans are going, but Canada’s retaliatory tariffs will remain in place for now.
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