Friday, January 16, 2026

Mexico, Canada Must ‘Shut Border’ to Avoid Tariffs Says Trump’s Commerce Pick

Howard Lutnick, President Donald Trump’s nominee for Commerce Secretary, said on Wednesday that Mexico and Canada could avoid new tariffs set for February 1 if they strengthen their border security, while advocating for broader trade measures to boost US manufacturing.

During his confirmation meeting, Lutnick outlined two distinct approaches: an immediate 25% tariff on Mexico and Canada linked to migration and fentanyl issues, and a broader trade study due by April 1.

“If we are your biggest trading partner, show us the respect, shut your border,” Lutnick said about the February 1 deadline. He added that both countries are “acting swiftly” and could avoid tariffs if they meet requirements.

The commerce nominee favors country-level tariffs over targeted measures. “My way of thinking, and I discussed this with the president, is country-by-country. Macro. Let America make it more fair,” he told senators, dismissing inflation concerns as “nonsense.”

Trump’s administration has outlined three tariff categories: the 25% levy on Canada and Mexico, sector-specific tariffs on items including semiconductors and metals, and a possible universal import tariff above 2.5%.

Press Secretary Karoline Leavitt confirmed Monday that the February 1 deadline for Mexico and Canada remains in place, with potential 10% tariffs on China also under consideration.


Information for this story was found via Bloomberg, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Why Silver Needs to Slow Down to Go Higher | Dan Dickson – Endeavour Silver

Silver Dips Are Getting Bought, This Is How Breakouts Start | John Feneck

Why $100 Silver Right Now Would Be a Problem | Keith Neumeyer – First Majestic

Recommended

NexGen Launches 42,000 Metre Drill Program At PCE While Expanding Mineralized Footprint

First Majestic Hits 2025 Guidance, Producing 31.1 Million Silver Equivalent Ounces, Increases Dividend

Related News

India Faces Steeper US Tariffs… If Russia Won’t Agree To Peace Talks?

While not part of Friday’s Alaska summit, India is facing it with a clear downside:...

Friday, August 15, 2025, 11:14:00 AM

Ontario Defiant on Energy Tax Despite Trump’s Tariff Delay

A one-month reprieve on US tariffs won’t change Ontario’s plan to impose a 25% surcharge...

Friday, March 7, 2025, 07:58:39 AM

Canadian Households and Businesses Hoarding a Record-Breaking $170 Billion in Excess Cash

The coronavirus pandemic has created significant financial uncertainty for many Canadians, pushing them to forego...

Wednesday, November 18, 2020, 04:51:00 PM

Manufacturing Layoffs Erupt Amid Mounting Tariff Pressures

Recent announcements from automakers and appliance manufacturers point to a hard-hitting consequence of the new...

Friday, April 4, 2025, 07:48:30 AM

Canada Reviews Chinese EV Tariffs as Farmers Face $1B Losses From Chinese Retaliation

Canada is reviewing its 100% tariff on Chinese electric vehicles as the federal government weighs...

Thursday, September 18, 2025, 08:41:20 AM