Trump Warns of Potential Increase in Tariffs on Canada and Mexico

Washington: U.S. President Donald Trump has announced that tariffs on Canada and Mexico might see further increases. This statement follows his recent signing of trade actions that postponed the implementation of tariffs, which are part of a free trade agreement among the three nations, until early April.According to Yonhap News Agency, Trump made these comments during an interview with Fox Business, which aired on Friday. The President's trade policies have generated uncertainty among businesses and policymakers in Canada, Mexico, and other nations that rely on these countries for exports to the United States. "I think so, but you know, the tariffs could go up as time goes by," Trump said when asked if companies could expect clarity on his trade policies. However, he added, "I don't know if it's predictability."On Thursday, Trump signed orders allowing for tariff exemptions on goods that comply with the U.S.-Mexico-Canada Agreement (USMCA) until April 2. This decision came just two days after the imposit ion of 25 percent blanket tariffs on Canadian and Mexican goods, with an exception for Canadian energy, which is taxed at a lower rate of 10 percent.