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Trump imposes reciprocal tariffs, hits Canadian, Mexican, Chinese imports
Posted on February 14, 2025 |
The US plans to impose the same tariffs on imports as other countries apply to American goods.
Trump announced a 25% tariff on imports from Canada and Mexico, along with a 10% tariff on Chinese goods.
Canada and Mexico agreed to tighten border controls, leading the US to pause the tariffs for a month.
Trade discussions are underway between the US, Canada, and Mexico to address these issues.
The US is considering a 25% tariff on stainless steel imports from all countries.
Indian stainless steel exporters could face higher expenses due to the existing 25% tariff under Section 232.
The US government has a system to review tariff exclusion requests and approves nearly 70% of them for Indian exporters.