Washington, March 1, 2025: US Treasury Secretary Scott Bessent has urged Canada and Mexico to match Washington’s tariff hikes on Chinese imports. His remarks come as negotiations intensify ahead of a March 4 deadline for new US levies on Canadian and Mexican goods.
US Pushes for Coordinated Tariffs
Bessent, in an interview with Bloomberg Television, highlighted the proposal from Mexico’s government to align tariffs with the US, stating, “It would be a nice gesture if the Canadians did it also.” He emphasized that such a move could create a “Fortress North America” to protect against a surge of cheap Chinese products.
US Concerns Over Chinese Imports
The US has repeatedly raised concerns about China’s excessive industrial capacity, warning that it could lead to an influx of underpriced goods that disrupt global markets. The Biden administration has already imposed a 10% blanket tariff on Chinese imports, with an additional 10% set to take effect soon.
Mexico’s Stance on Tariffs
Mexico’s President Claudia Sheinbaum has expressed optimism about reaching a trade deal with the US, hinting at possible tariffs on Chinese goods to avoid penalties on Mexican exports. However, former President Donald Trump has linked tariff relief to Mexico’s efforts to curb illegal migration and drug trafficking.
Canada’s Response
Canadian Prime Minister Justin Trudeau has stated that his government is working to prevent US tariffs on Canadian exports. However, he assured that Canada is prepared to respond immediately if levies are imposed.
High-Stakes Negotiations Continue
As the March 4 deadline approaches, discussions remain ongoing. Mexico recently extradited several high-profile cartel leaders to the US in an apparent bid to ease tensions and prevent sweeping trade penalties.
