Agenda-setting intelligence, analysis and advice for the global fashion community.

Trump Says Canada, Mexico Tariffs to Take Effect, Adds New China Duty

The president had paused the sweeping duties on Canada and Mexico on Feb. 3 for one month after both countries’ leaders announced new border security measures.

A cargo vessel crosses the Suez Canal in Egypt, shortly after Yemen-based militants started attacking ships in the Red Sea along the crucial Asia-Europe trade route. — The new tariffs on China come on top of a previous 10 percent duty he allowed to take effect earlier this month. (Shutterstock)

Bloomberg

27 February 2025

BoF PROFESSIONAL

President Donald Trump said 25 percent tariffs on Canada and Mexico are on track to go into place on March 4, and said he would impose an additional 10 percent tax on Chinese imports, moves that would deepen his fight with the nation’s largest trading partners.

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