President Donald Trump's proposed tariffs on Mexico and Canada are slated to go into effect March 4. (Bonnie Cash/Bloomberg News)
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President Donald Trump said he expected tariffs planned to take effect on Canada and Mexico to go ahead next month following an initial delay to allow the countries more time to address his concerns over border security.
“The tariffs are going forward on time, on schedule,” Trump said Feb. 24 from the White House during a joint press conference with French President Emmanuel Macron.
Trump was asked if the tariffs, which he delayed until March 4, would go into effect. Canada and Mexico have implemented new border measures in an effort to stave off the tariffs, which Trump says he is levying in a bid to halt flows of undocumented migrants and illegal drugs, such as fentanyl.
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Trump, in his answer, also indicated he was pushing forward with a plan for so-called reciprocal tariffs, which he has said would peg U.S. levies on other countries to the tariffs and nontariff barriers they impose on U.S. goods.
“It’ll be very good for our country; our country will be extremely liquid and rich again,” Trump said.
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