U.S. President Donald Trump said he expects tariffs on Canada and Mexico to start on March 4, after he initially gave the countries a one-month reprieve to address his border security concerns. He also said the U.S. plans to move ahead with reciprocal tariffs. (Bloomberg, The Logic)
Talking point: The broad tariffs Trump has threatened on Canadian goods entering the United States—ostensibly over fentanyl and migrants entering the U.S. from the north—are due to kick in right after a one-month delay. The case for holding off again may be tricky to make: Prime Minister Justin Trudeau’s office said that in a call Saturday, he told Trump about Canada’s new fentanyl czar and the government’s listing of seven international drug trafficking organizations as terrorist groups. He also emphasized that fentanyl seizures at the U.S. border are down, which could be evidence for either less trafficking or less success in stopping it. Also due soon: steel and aluminum tariffs on March 12, then auto, drug and semiconductor chip tariffs in early April.