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Market Chatter: White House Says Tariffs Moving Forward But There's Still Room For Negotiation
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Market Chatter: White House Says Tariffs Moving Forward But There's Still Room For Negotiation
Feb 26, 2025 8:40 AM

11:29 AM EST, 02/26/2025 (MT Newswires) -- U.S. President Donald Trump's plan to hit Canada and Mexico with devastating duties is set to take effect next week -- but a White House official confirmed on background that the tariff plans could change through negotiations, The Canadian Press is reporting Wednesday.

The report noted Trump's executive order to implement 25% tariffs on all Canadian imports, with a lower 10% levy on energy, was delayed until March 4 after Canada agreed to introduce new security measures at the border. The president said the pause would allow time to reach a "final economic deal."

Trump said Monday that the levies would be going forward on schedule -- but his comments also cited other executive orders in his growing tariff agenda.

Wednesday's report noted Canadian officials and premiers have been working through Washington in recent weeks in an attempt to find out what it would take to get Trump to abandon his tariff plans.

But, the report also noted, it remains unclear what Trump wants as the president continues to complain about trade and call for Canada to become a U.S. state.

(Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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