Wednesday, February 11, 2026

Latest

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

Back to the Cariboo: Gold Rush History Meets Modern Discovery | Golden Caribou

Gold Prices Are High, Experience Matters | Rob McLeod

Silver Is a Wild Animal, Gold Heads for $6,000 in 2026 | Craig Hemke

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

BC Dockworkers Strike, Costing Canada Upwards Of US$750 Million A Day

On July 1, about 7,400 British Columbia port workers at 30 locations, including the busy...

Tuesday, July 4, 2023, 06:44:00 AM

Canada 2040: 9 In 10 Stay Trapped In The Class They’re Born Into

A newly surfaced report from Policy Horizons Canada, an internal think tank under the federal...

Tuesday, April 22, 2025, 11:27:00 AM

Griffin: US Should Focus on Strengths, Not Manufacturing Revival

Citadel CEO Ken Griffin rejected President Trump’s tariff strategy as ineffective in bringing back manufacturing...

Sunday, May 4, 2025, 07:44:00 AM

GM to Invest $800 Million Towards Commercial EV Factory in Ontario

GM recently unveiled a new wholly-owned business called BrightDrop, which will provide electric first-to-last mile...

Tuesday, January 19, 2021, 10:32:00 AM

Trump’s Sweeping 25% Tariff on Canada, Mexico Threatens Economic War

In a move surprising no one yet has the potential to rock North American economics,...

Tuesday, November 26, 2024, 07:45:06 AM