During a recent interview, President Donald Trump reportedly indicated that tariffs on Canada and Mexico could potentially exceed the planned 25% set to take effect next month.
Speaking on a Fox News program, Trump addressed the need for clearer signals regarding tariff policies to help business leaders navigate their operations effectively.
While responding to questions, Trump acknowledged that tariffs might increase over time, which raised concerns about predictability for businesses.
He emphasized that the U.S. has been exploited by globalists for years, and his administration aims to reclaim financial losses from other nations. Trump asserted that the tariffs are a means of ensuring fair treatment for American interests.
“Well, I think so. But, you know, the tariffs could go up as time goes by, and they may go up and, you know, I don’t know if it’s predictability. I think–” Trump said.
“So that’s not clarity,” Bartiromo responded.
“No, I think that they say that. You know, it sounds good to say, but for years, the globalists, the big globalists have been ripping off the United States. They’ve been taking money away from the United States, and all we’re doing is getting some of it back, and we’re going to treat our country fairly. This country has been ripped off from every every nation in the world, every company outside in the world. We’ve been ripped off at levels never seen before, and all we’re going to do is get it back.” Trump concluded.
He also mentioned that he had postponed the implementation of tariffs on Canada and Mexico to support American car manufacturers.
According to Trump, this delay was meant to benefit these businesses until early April, after which tariffs would become reciprocal, meaning that the U.S. would charge the same rates that other countries impose.
Trump’s comments reflect his ongoing commitment to a tough stance on trade, particularly concerning the automotive sector and relationships with neighboring countries.
He framed these tariffs as a necessary step to level the playing field and protect American jobs, arguing that the U.S. does significantly less trade with Canada compared to the latter’s dealings with the U.S.
The president’s remarks signal a willingness to escalate trade tensions if necessary, reinforcing his administration’s approach to trade policy as one that prioritizes American economic interests.
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