The article discusses recent tariff announcements by the U.S. government aimed at Canada and Mexico, linked to efforts to curb fentanyl trafficking. Secretary of Commerce Howard Lutnick indicated that a middle ground on tariffs might be possible, while President Trump signaled potential reciprocal tariffs from April 2. The focus on tariffs includes a 25% duty on steel and aluminum imports, with implications for homebuilders who requested exemptions for building materials. Notably, statistics show minimal fentanyl seizing from Canada versus a substantial majority from Mexico, raising questions about the rationale behind imposing tariffs on Canada.
Trump also said that so-called reciprocal tariffs will take effect on April 2, imposing duties on all imports matching foreign tariffs on American goods.
A compromise between the nations is possible, suggesting that the tariffs could meet somewhere in the middle, according to U.S. Secretary of Commerce Howard Lutnick.
Trump's threats on tariffs aim to use economic pressure to compel commitments from Canada and Mexico to address drug trafficking.
Less than 1% of fentanyl seized in the U.S. comes from Canada, while 98% comes from the Mexican border, complicating the tariff justification.
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