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

Eldorado Gold: The $3.8 Billion Foran Mining Acquisition

Silver Tiger’s $2.35B Silver Blueprint: Two Mines, One Perfect Metals Market

Gold Is At Records. Barrick Mining Is Printing Cash. The Stock Still Fell. | Q4 Earnings

Recommended

Canadian Copper Plans 2,500 Metre Drill Program For 2026

Mercado Receives Permits For Planned 3,000 Metre Drill Program At Copalito

Related News

Canada, Saudi Arabia Sign Critical Minerals Deal

Canada signed a minerals cooperation agreement with Saudi Arabia on January 13, expanding access to...

Monday, January 19, 2026, 11:23:00 AM

Oil Tariffs: Lose-Lose For Both Canada And US, Study Finds

A Goldman Sachs study projects a lose-lose situation for both Canadian oil producers and American...

Thursday, February 27, 2025, 11:01:00 AM

US Halts Low-Value Import Exemption in New Trade Tariffs

The United States suspended a key trade exemption for low-value imports from China, Canada, and...

Monday, February 3, 2025, 12:10:00 PM

Canadian Pessimism Peaks: 70% Expect Lower Living Standards for Next Generation

A recent survey conducted by Nanos Research reveals a growing pessimism among Canadians regarding the...

Thursday, June 27, 2024, 10:54:00 AM

Canada Has Almost 1M Job Vacancies, Breaks New Record In Q2 — Statistics Canada

Job vacancies in Canada hit a record high in the second quarter of 2022, with...

Monday, September 26, 2022, 01:07:24 PM