Speaking during a TV program, Lutnick stated that these tariffs will be implemented on the set date and that no changes will be made.
US President Donald Trump announced tariffs on steel and aluminum imports. These tariffs were extended to imports from Canada and Mexico and include finished metal products. While US steel producers are concerned that these tariffs could have a negative impact on domestic companies that use aluminum and steel, administration officials say the policy is intended to prevent countries such as Russia and China from trying to circumvent existing tariffs.
Tax Deferral and Expanded Application Under the USMCA Agreement
Last week, Trump imposed sweeping tariffs on imports from Canada and Mexico, but then gave automakers a one-month reprieve. This delay was extended until April 2, covering all imports under the free trade agreement between the US, Canada and Mexico (USMCA).
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